Daily News
From Home Furnishing Business
Furniture Sales Jump 2.4% in June
July 15,
2013 by Yahoo! News in Economic News, Industry
Americans spent more at retail businesses in June, buying more cars and trucks, furniture and clothes. But consumers cut back on many other purchases, a mixed sign for economic growth.
The best news for the furniture industry is that furniture sales jumped 2.4 percent in June, a sign that could just mean the housing recovery is encouraging more home remodeling.
The Commerce Department said Monday that retail sales rose 0.4 percent in June from May, after a 0.5 percent increase the previous month.
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Source: Yahoo! News