From Home Furnishing Business
FastFact: Furniture, Bedding Sales Climb 6.3% in Q4
A robust December powered fourth-quarter furniture and bedding sales to a 6.3% gain over the final quarter of 2016, according to the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.
The model showed total furniture and bedding sales of $27.25 billion in the most recent quarter, compared with $25.6 billion in the 2016 fourth quarter.
For the 2017 calendar year, furniture and bedding sales reached $105.19 billion, a 3.86% increase from 2016.
The proprietary model reflects revised personal consumption expenditures recently issued by the Commerce Department’s Bureau of Economic Analysis. The revisions date back to 2014.
For a detailed look at the industry sales data, click here.