Nov. '09 furniture orders increase over Nov. '08

The latest Furniture Insights study from Smith Leonard shows new orders for November 2009 increased 10 percent over new orders in November 2008. Also, 51 percent of participants reported increased orders in November, up from 41 percent in October, 33 percent in September and 20 percent in August.
Year-to-date, new orders were down 14 percent compared to the same period a year ago, down from 16 percent last month. Last year at this time, new orders were down 13 percent year-to-date. Some 89 percent of participants have reported lower orders compared to the same, eleven-month period last year.
The study said while many companies are still hurting, most have made adjustments to current volume levels.