FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
Ad_EMarketPreview

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

Smith Leonard Survey: New Orders Up 7% in October

New orders in October 2018 rose 7% over October in 2017, according to Smith Leonard’s latest survey of residential furniture suppliers.

While last month’s 9% increase compared to a 10% decrease in the previous year, the October results compared to an 8% increase reported for October 2017 versus October 2016. The 7% increase for October followed increases of 9% in the last two months as well as 5% increases in the previous three months.

Year-to-date, new orders remain 6% over the same period a year ago.

The survey also showed, shipments in October 2018 were 3% higher than October 2017 with year-to-date shipments also up 3%. Shipments for the month were up for some 66% of the participants.

Backlogs increased 5% again in October, the same increase as reported in September. With orders exceeding shipments through the 10-month period and backlogs high, shipments are expected to make up ground in the last two months of 2018.

Receivable and inventory levels increased 6% and 9% respectively, over October 2017. The number of factory and warehouse employees as well as payrolls continue to be in line with expectations based on current business levels.



Comments are closed.
Performance Groups
HFB Designer Weekly
HFBSChell I love HFB
HFB Got News
HFB Designer Weekly
LinkedIn