— Furniture Today,
\nHIGH POINT \u00e2\u20ac\u201d U.S. residential furniture factory orders in May were flat with the same month a year ago, according to accounting and consulting firm BDO Seidman.
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\n\u00e2\u20ac\u0153We had expected May results to be more positive,\u00e2\u20ac\u009d said Ken Smith, national director of BDO\u00e2\u20ac\u2122s Furniture Industry Services, in his monthly Furniture Insights newsletter.<\/p>\n
That\u00e2\u20ac\u2122s because April orders had been down 13% from a year earlier, and Smith had believed the decline was partly because the late-April date of the High Point market would push some orders into May.<\/p>\n
\u00e2\u20ac\u0153On the other hand, orders were up 18% over April 2013,\u00e2\u20ac\u009d he noted. \u00e2\u20ac\u0153Plus, with most of the talk about business being slow at retail, at least orders came back to last year\u00e2\u20ac\u2122s levels.\u00e2\u20ac\u009d<\/p>\n
For the year to date, orders are slightly ahead of the first five months of 2012, according to BDO\u00e2\u20ac\u2122s factory survey.<\/p>\n
Factory shipments in May, meanwhile, were up 1% from a year ago, and the year-to-date total was virtually flat with 2012.<\/p>\n
Smith said there could be several causes for the flat business, including hits to consumers\u00e2\u20ac\u2122 spending power from costlier gas and higher interest rates, which push up adjustable-rate mortgages. In addition, people who bought larger homes may be saddled with higher costs for upkeep and taxes, leaving less to spend on furniture \u00e2\u20ac\u0153until incomes catch up,\u00e2\u20ac\u009d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
— Furniture Today, HIGH POINT \u00e2\u20ac\u201d U.S. residential furniture factory orders in May were flat with the same month a year ago, according to accounting and consulting firm BDO Seidman.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1503","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1503"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1503\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}