– U.S. manufacturing overall has seen a decline for the third consecutive month
– Despite the overall decrease, the furniture sector has shown remarkable growth
– The Institute for Supply Management (ISM) indicates that the U.S. manufacturing index dropped to 47.2% in June, compared to 43.1% in May
– The ISM’s furniture production index, however, soared to 61.8% in June from 58.9% in May
– Economic experts suggest the furniture growth might be due to increased demand as people spend more time at home amid the pandemic
– The furniture industry in the U.S. is predicted to continue performing well in the upcoming months.

Strong Furniture Sector Amid Falling U.S. Manufacturing

Overall Manufacturing Down

The Institute for Supply Management’s Index Drops

Despite the overall decline in U.S. manufacturing for the third month in a row, shining a light on the possible economic repercussions of the ongoing pandemic, it seems like the furniture industry is having quite a party.

Furniture Sector Bucks the Trend

A Glowing ISM Furniture Production Index: 61.8%

According to the ISM, the sector experienced a significant increase in their production index, moving from 58.9% in May to a strong 61.8% in June. That’s quite the leap, don’t you think?

Experts have painted this growth onto the canvas of increased demand, as more people are shackled to their homes due to the pandemic. They’re in the mood to add little embellishments and touch-ups to their home sweet home, and who can blame them?

The outlook for the furniture industry looks rather upbeat in the upcoming months. It seems like amidst a sea of declining production numbers, the furniture sector has found a way to ride the wave. Hold on to your seats (preferably a comfy, well-crafted armchair), as we watch this industry’s fascinating journey.

originial article https://www.furnituretoday.com/?p=318432

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