Industry Sales by Quarter 2012 Q2 to 2019 Q2 Furniture & Bedding
2019 by Laurie Northington in General
Following high growth in the furniture industry in first part of last year, the fourth quarter of 2018 softened, and that slowing has continued through the first half of this year. Combined Furniture and Bedding sales grew only 2.5% in the second quarter versus the same quarter in 2018. Compared to the previous quarter, 2019 Q1, second quarter sales were up 4.8% totaling $27.35 billion.
Furniture (excluding Bedding) in the second quarter increased 2.6% versus the same quarter 2 in 2018 reaching $23.64 billion. Compared to the first quarter of 2019, Furniture sales were up 7.5%.
On the heals of weaker imports, initial estimates indicate Bedding sales in the second quarter increased 1.6% compared to 2018 Q2 but were down 9.7% over the first quarter this year. Sales are projected to be $3.71 billion in Q2.
For the third straight quarter, growth in furniture and bedding industry sales has slowed. Compared to the same quarter of last year, furniture and bedding sales of $27.35 billion reflect an increase of 2.5% over 2019 Q1. Compared to the first quarter of this year sales are up 4.8%.
Furniture (excluding Bedding) increased 2.6% percent in 2019 Q2 versus the same second quarter of 2018 with sales of $23.64 billion. This figure is up 7.5% over last quarter, 2019 Q1.
Last quarter (2019 Q1) Bedding rebounded slightly up 3.1% compared to 2018 Q1. However slowing imports in the second quarter held growth to an early estimate of 1.6% compared to 2018 Q2 and a decline of 9.7% compared to the last quarter, 2019 Q1. Second quarter Bedding sales totaled $3.71 billion.
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.
Source: Impact Consulting Services, Inc. industry model