Furniture posts slight rebound in March despite U.S. sales dip
April 15, 2013-- Furniture Today,
WASHINGTON — While total retail sales dipped 0.4% in March from the previous month, the furniture industry saw a rebound last month with a 0.9% increase over February, according to the latest report from the U.S. Department of Commerce.
Furniture and home furnishings store sales increased to $8.11 billion in February, from an adjusted $8.04 billion the month before. The sales were up 2.8% from a revised $7.89 billion in March 2012.
For the quarter, furniture sales were up 0.7% from the fourth quarter and 3.1% from the first quarter of 2012.
The decline in overall retail sales in March, was the second drop in three months.
Related Content By Author
Industry Related Content
What happened in Vegas, what’s up in China and Ashley’s doing what?