Incoming orders of US furniture manufacturers focussed on the residential area improved further in June. According to the economic activity report published on a monthly basis by consultancy company Smith Leonard, in June incoming orders improved by 5% vis à vis the comparative month last year to US$2.280bn. In May a slight increase of 2% was achieved. This followed a decrease in April - the third consecutive month in which a decline was recorded.

Turnover also increased again in June by 2% to US$2.457bn. As a consequence of declining incoming orders in the months of February (-1%), March (-2%) and April (-3%), turnover in April and May decreased by 3% and 1% respectively. For February and March, in contrast, a respective turnover increase of 3% and 4% was recorded. In January manufacturers had recorded a slight decline of 1% compared to the corresponding month of the preceding year.

(Source: euwid-wood-products.com)