FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
[Ad_40_Under_40]

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

Smith Leonard: Furniture Orders Down 14% in August, Up 30% from 2019

New orders in August were down 14% over August 2020. However, orders are up 30% over 2019. Year to date, new orders were up 29% and up 35% over the same period of 2019,  according to a report by Smith Leonard accounting and consulting firm.

The firm’s monthly survey of residential furniture manufacturers and distributors showed shipments in August 2021 were 10% over August 2020 and up 34% year to date. Shipments were up 14% over August 2019. August 2021 shipments were up for some 91% of the participants.

Backlogs rose again in August, up 3% as orders in dollars exceeded shipments once again. Backlogs were up 81% over August 2020 when they were up 102% over August 2019.

Receivable levels continue to make sense compared to shipments. Inventory levels were up 43% over last August.



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