From Home Furnishing Business
Fast Fact: Industry Sales Growth Slowdown, Up 2.5% in Q2
Following a soft fourth quarter in 2018, the slowdown of furniture and bedding sales growth has continued through the first half of this year, according to the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.
Furniture and bedding sales totaled $27.35 billion in the second quarter, only up 2.5% over 2018 Q2.
Industry sales for the first half of 2019 totaled $53.44 billion, an increase of only 2.5% over the same period last year, signaling a slowing of the industry for the third straight quarter.
For a detailed look at the industry data, click here.