Furniture Sales Continue To Strengthen

Business continued to be good in October for most manufacturers and distributors of residential furniture, says the ‘December 2021 Furniture Insights’ by Smith Leonard Accountants & Consultants. Although data comparisons to October 2020 were down, comparisons to 2019 remained high in most cases. Businesses report that backlogs are at an all-time high with increases in orders continuing to push them up, putting more pressure on increasing higher shipments. On top of that, with all the issues with supply chain, logistics, trucking, people shortages, and problems at ports, it has been difficult to make a big dent in the backlogs. However, the positive run will likely continue as the economy continues to strengthen despite factors such as inflation pressures and the ongoing pandemic.