Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Furniture Today
Resource Center graphic
RSS
Reprints/License
Print
Email

BDO: Factory orders down 7% vs. Jan. '02

By Furniture Today Staff -- Furniture Today, April 13, 2003

Factory orders were down 7% in January compared with the same month a year ago, according to BDO Seidman's monthly survey of U.S. residential furniture manufacturers. Shipments were off 3%.

"Most of the manufacturers we have talked with say business is very soft," said Ken Smith, director of the accounting and consulting firm's furniture industry practice, in the firm's Furniture Insights newsletter. "With the exception of some import programs, that softness tends to be pretty much across the board."

Some retailers said March was getting better, at least until the Iraq war began, Smith added. And other concerns — the stock market, employment — also may be keeping consumers out of the stores, he said.

Most of the economic indicators BDO tracks look unfavorable for the industry, with consumer confidence, auto sales, consumer spending and durable goods orders all slipping. The housing industry continued to be the bright spot, with sales of existing single-family homes setting a new monthly record of 6.09 million in January and mortgage rates dipping below 6%.

BDO said that slightly over 20% of the participants in its survey saw orders increase in January, while almost half said their orders were down 10% or more. Several were down more than 20%.

Shipment performance was more varied. Nearly 40% said shipments were higher this January than in January 2002, but almost 30% said shipments were down 10% or more.

Factory orders, shipments in January
In billions of dollars
Change from
Dec. '02 Jan. '02
Source: BDO Seidman
Orders $1.860 6% -7%
Shipments $1.868 -5% -3%
Order backlog $1.932 -3% -1%
RSS
Reprints/License
Print
Email
Talkback
Related Content

No related content found.

Also by Staff Staff

Reed Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement

Related Microsite Content

Related Links

  • No Related Content Available

More Content
  • Blogs
  • Photos

Sorry, no blogs are active for this topic.

VIEW ALL BLOGS RSS
GuildMaster chest

Best of Market: More market highlights

Here is a sampling of some of the stylish new products catching dealers' eyes at the October High Point Market. For more coverage, see Furniture/Today's Nov. 2 print issue. When you're done viewing the photos in this Slideshow, more images of hot introductions also are available on the Furniture/Today Web site by clicking here.

 

 

High Point Market scene, 1955

Scenes from the High Point Market's past 100 years

The High Point Market is marking its 100th anniversary this April. To help celebrate this milestone, Furniture/Today presents some pictorial highlights of the past 100 years.

WMC-Videos_160x160
Advertisement
2010-beddingconf-160x160
eNewsletters
Furniture Today eDaily
Furniture Today eClassifieds
Bedding Today
Furniture Today Green
Casual Living eWeekly
Home Accents Today eWeekly
Home Accents Today Product Line
Home Textiles Today Extra
Gifts & Dec Direct
Gifts & Dec Product Wire
Kids Today eWeekly
Playthings Extra



Please read our Privacy Policy

About Us   |   Advertise   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2010 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy