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CSIL projects 1% real growth for U.S. furniture industry in 2011

New report anticipates faster growth in developing countries
MILAN, Italy — The U.S. furniture industry is facing another slow growth year in 2011, according to the latest forecast from international research organization CSIL.

U.S. furniture consumption grew an estimated 1% in real dollars in 2010, excluding the effect of price inflation, and will repeat the performance this coming year with growth projected at another 1%, according to the Milan-based firm.

Real growth in furniture demand among all 70 countries covered in the World Furniture Outlook 2011 report is forecast at 3.3% for 2011.

CSIL estimates that the worldwide gross domestic product increased 4.8% in 2010 and anticipates it will grow another 4.2% in 2011. Among advanced economies, however, GDP growth is only pegged at 2.7% in 2010 and 2.2% in 2011. The real engine of growth is emerging and developing economies, with estimated and projected gains of 7.1% in 2010 and 6.4% in 2011.

The full World Furniture Outlook 2011 report is available for purchase and download from CSIL at Reports are also available in printed form. For information, contact the organization at

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