 | |
 | |
 | |
 | |
 | |
 | |
 | |
 | |
 |
Quick Links: |
June 2008 - FURNITURE BUYING INDEX DOWN THREE POINTS
Charleston, SC June 1, 2008 – The Furniture Buying Index is down three points this month to a reading of 58. This makes the Index the lowest it has been since June of 1993. This low rating means that furniture buying is not a priority for consumers.
Britt Beemer, Chairman of America’s Research Group, said, "The economic stimulus package has not helped furniture sales." Beemer continued, "$4 gas prices and economic uncertainty has driven down demand."
The Furniture Buying Index is compiled each month by America's Research Group from interviews with 5,000-8,000 consumers across the country. In a typical month, 80 percent of the consumers interviewed can name a specific furniture item they intend to buy. The Index's mark signifies what percent of the benchmark 80% actually have a particular item in mind.
Britt Beemer is chairman of America's Research Group, a full-service consumer behavior research company based in Charleston, SC. ARG provides research and strategic planning services to leading manufacturers and retailers of consumer goods across North America.