u.s. office furniture orders up 2 pct - trade group

by:Senbetter     2020-03-04
New York, February 5 (Reuters)-U. S.
An analyst said that classic office furniture orders shrank further in December, continuing a slowdown in growth.
December orders increased by 2% year on yearover-
Reached $0. 875 billion this year, down 3% from $0. 9 billion in November, the Association of furniture manufacturers in business and institutions (BIFMA)said.
Shipments also slowed in turn, rising 5% to $1.
According to BIFMA data, it increased by 1 billion compared to 8% in November.
Data from 2006, average annualover-
Raymond James analyst Budd Bugatch wrote in a research report that annual orders grew by 7% per month, in sharp contrast to the average 11% in 2005.
Strong double-
Digital growth between November 2005 and March 2005 has driven profit growth for companies such as Steelcase Inc.
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