Office furniture production forecast to increase 6 percent in 2011

The Business and Institutional Furniture Manufacturer's Association reports office furniture production is forecast to increase 6.3% in 2011, reaching $8.9 billion. Production in 2010 was $8.2 billion. Office furniture consumption in 2010 was $9.8 billion, and consumption in 2011 is predicted to reach $10.8 billion.
The statistics are based on the IHS Global Insight industry forecast model, which is adjusted to focus on the value of the U.S. office furniture market defined by 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.