AFMA ups forecast for '98

Article Abstract:

The American Furniture Manufacturers Assn. (AFMA) has greatly increased its projections for US furniture factory performance in 1998 following an impressive first six months. The association projects the 1998 factory shipments to climb to $23.9 billion, up by 12.7% from the 1997 level, a figure that means a 10.7% real gain after modest price hike adjustments. AFMA had earlier forecasted in April 1998 that the shipments for the year will climb by a mere 6.6%, which translates to a real gain of 4.3%.

Comment:

The American Furniture Mfrs Assn boosts its projections for US furniture factory performance in 1998 after a good first half

Article

Up-and-down year yields mixed results

Article Abstract:

American furniture manufacturers experienced a decline in order during the fourth-quarter, causing them to struggle to maintain their factory operations. Some makers had to take major write-offs as a result of retail difficulties.

Downturn unlikely to imitate '90-'91

Article Abstract:

Increased reliance on imports, and other changes in the structure of the furniture industry, will determine how the current economic downturn will affect the market.

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