Furniture Buying Index remains at 56

The Furniture Buying Index remained unchanged this month at 56, according to America’s Research Group.
Britt Beemer, chairman of America’s Research Group, said, “This is somewhat positive for the furniture industry since at least the index did not go down …”
The Furniture Buying Index is compiled each month by America’s Research Group from interviews with 5,000-8,000 consumers across the U.S.
This may be an indicator that the recession has bottomed out or at least stabilized. While consumer confidence remains low, I think furniture manufacturers will have to offer rock-bottom prices to get customers into showrooms.