Daily News
From Home Furnishing Business
Smith Leonard: Furniture Orders Down 14% in August, Up 30% from 2019
November 1,
2021 by Laurie Northington in Business Strategy, Industry 
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.