Furniture posts slight rebound in March despite U.S. sales dip
Furniture Today Staff -- Furniture Today, April 15, 2013
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.
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