Consumer confidence slid back February from January’s multi-year high.
Furniture industry sales have nearly rebounded to their pre-recession levels eight years ago.
Last year delivered consistent quarter-to-quarter sales increases to the furniture industry.
Our latest FastFact, sponsored by FurnitureCore, analyzes durable goods as the section continues to miss out on consumers' dollars, the slice of spending on furniture has also dwindled.
The two sides involved in the West Coast port slowdown are nearing a contract agreement after an eight-month negotiation period. An agreement could avert a strike that could cost as much as $2 billion a day.
Consumers are happy, and the latest consumer confidence statistics released Tuesday show the Conference Board’s index climbed to 102.9, the best reading since August 2007.
Consumer spending, as a percentage of personal consumption, has posted a steady decline over the last eight years, according to figures from the U.S. Department of Commerce.