Declines in furniture orders continue - The Business Journal of the Greater Triad Area:

ermolayxitpev.blogspot.com
New orders in March were 17 percent lowee than they had been a year reported survey author Ken But there’s at least a glimmer of hope in that he added. “While nothing to get too excited at least the decline fell belowthe 20-pluse percentages we have been reporting,” he said in the Year to date, new order were 21 percent lower than the first quartert of 2008. In March, shipments of completed orderss were off 17 percent from a year the same decline asnew order. The industrty continues to shed workers, the surveyt found.
Factory employee counts were 20 percen t lower in March than ayear earlier, and payrollz were off 24 Smith said based on survey respondents, he believe the economy may be at or near its There have been some encouraging signs of rebounding consumer which is a positiv sign for the furniture industry, he said. “No one expectss the economy to come back with a but at least if companies can feel they havebottomed out, managemenr can structure the company to deal curreny volume levels,” he said.