BIFMA 2010 projections lower than earlier forecast

BIFMA has lowered its 2010 projections from earlier this year.
The IHS Global Insight industry forecast model was adjusted to focus on the value of the U.S. office furniture market defined as consumption rather than as the historical and traditional shipments, or production.
This change was due to the increasing significance of international trade and its impact on the domestic market.

2009 Production:
$7.79 billion
Percent change: -30.2%

Consumption: $9.22 billion
Percent change: -29.0%

2010 Production:
$7.43 billion
Percent Change: -4.6%

Consumption: $9.04 billion
Percent Change: -1.9%

Cabinet sales decrease 25.1% in Oct.

Cabinet sales for October 2009 decreased 25.1 percent compared to sales for October 2008, according to participating members in the Kitchen Cabinet Manufacturers Association monthly Trend of Business Survey.
Stock cabinet sales decreased 23 percent, semi-custom sales decreased 25.9 percent and custom sales decreased 31.3 percent.
The year-to-date sales show a decrease of 30.2 percent, with stock sales down 25.6 percent, semi-custom sales down 32.9 percent and custom sales down 37.2 percent.
Survey participants include stock, semi-custom and custom companies whose combined sales represent over 50 percent of the U.S. cabinet market.