US furniture market indicators generally positive, but cabinet sales decline

July 11, 2018
Source:
ITTO/Fordaq
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213
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The US furniture industry reported growth in May, while wood products manufacturing output was unchanged from April, according to the Institute for Supply Management’s Manufacturing ISM Report On Business. US Census Bureau showed higher retail sales of furniture and home furnishings in May.

New furniture orders and shipments were significantly up in April, according to the latest Smith Leonhard survey of residential furniture manufacturers and distributors. April orders were 15% higher than at the same time last year. Year-to-date furniture shipments were up 3% from last year.

Cabinet sales increased 1.6% in May from the same time last year, according to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey. Year-to-date cabinetry sales through May 2018 were slightly up compared to 2017.

In related news, US wooden furniture imports climbed 2% in April to $1.41 billion. Year-to-date imports were 7% higher than in April 2017.

The strongest growth in imports year-to-date was from Indonesia and India. China and Vietnam continue to dominate the U.S. market accounting for a combined 65% of furniture imports in 2018 to date. Wooden office furniture imports