U.S. office furniture orders up 5 pct-trade group

2020/03/28
New York, July 6 (Reuters)-U. S.
An analyst said continued growth in office furniture orders could slow to track GDP growth.
Bud Bugatch, an analyst at Raymond James, said in a research report that the contraction of orders eventually began to damage the stock performance of listed companies.
Furniture Manufacturers Association of Commerce and institutions (BIFMA)
Mei\'s orders rose 5% year-on-year to $0. 975 billion.
Shipments rose 7% to $0. 94 billion. Steelcase Inc. (SCS. N), HNI Corp. (HNI. N)
Herman Miller(MLHR. O)and Knoll Inc. (KNL. N)
Enjoy the percentage of orders growing to double low
In 2004 and 2005 figures, the industry has cooled since then.
In January, monthly orders fell for the first time since July 2004.
Since then, the average order has increased by 5.
2% years have passed, which is about where they will stay, because there is no widely adopted innovation like compartments, Bugatch said. “Net-
Net, the possible results confirm to a large extent our views on slowing industrial growth to nominal GDP --
3% range
6%, \"wrote Bugatch.
But until recently, investors were still smug despite signs of slowing industry growth, Mr. Bugatch said.
This changed in June as shares of all four major public classic office furniture companies fell below the S & P 500.
BIFMA compiled reports from 40 companies that account for 73% of the industry\'s total.
One increasingly popular managerial tactic to improve problem-solving performance of classic home furniture is to increase the connectedness, or what academics call clustering, of the organization
To receive more professional tips and super quality products for home furniture online, go to our website Youbond Furniture to place your order. Do not wait any longer.
The value you get from watching how Youbond Furniture Co., Ltd operates and runs our company and the potential mentorship you would get from us will go a long way towards helping customers understand our company.
The first machine to produce new classic bedroom furniture, the home furniture online classic home furniture was invented in new classic bedroom furniture in home furniture online by new classic bedroom furniture and was subsequently improved.
CONTACT US
Just tell us your requirements, we can do more than you can imagine.
Send your inquiry

Send your inquiry

Choose a different language
English
Tiếng Việt
Українська
العربية
Español
italiano
русский
Current language:English