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Furniture/Today 2002 forecast: economy, home furnishings

By Furniture Today Staff -- Furniture Today, January 13, 2002

Contributors to forecast:

Stanley Duobinis

National Assn. of Home Builders

Jerry Epperson

Mann, Armistead & Epperson

Ken Goldstein

The Conference Board

Joseph Logan

American Furniture Manufacturers Assn.

Scott Miller

Wachovia Securities

Douglas Smith

Smith Research & Management

James Smith

Kenan-Flagler Business School

University of North Carolina – Chapel Hill

Ken Smith

BDO Seidman

Stefan Wille

Akrin Furniture Information Center

Behind the numbers:

Furniture/Today's 2002 Economic Outlook Survey was compiled by Director of Market Research Kay Anderson and Senior Research Specialist Janice Chamberlain, with assistance from Database Coordinator Cynthia Myers.

Furniture industry outlook Percent from year-earlier period
current $ constant $ current $ constant $ current $ constant $
Consumer spending for furniture & bedding Furniture store sales Furniture factory shipments
By year
2001¹ -2.5% -2.4% -2.8% -2.7% -10.1% -10.3%
2002 0.4% 0.0% -1.0% -1.4% 4.3% 4.1%
2003 2.6% 1.5% 3.3% 2.2% 2.0% 1.8%
2002, by quarter
Q1 0.4% 0.5% -1.5% -1.4% -0.3% -0.3%
Q2 0.5% 0.4% -0.6% -0.7% 5.8% 5.7%
Q3 -0.1% -0.6% -1.1% -1.6% 4.5% 4.4%
Q4 0.9% 0.0% -0.5% -1.4% 8.7% 8.2%
1. Latest estimates
Source: Furniture/Today Economic Outlook Survey

Consumer spending for furniture and bedding

i_P:\EconForcast\Con Spending.eps
i_P:\EconForcast\Econ left.eps
i_P:\EconForcast\Econ right.eps
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