Report
Budd Bugatch ...
  • Rex Henderson

Commercial/Contract Furniture/Consumer Hardlines

This note addresses the Monthly Market Pulse (MMP) of incoming orders and sales for March 2023 issued by the Business Institutional Furniture Manufacturers Association (BIFMA). About 50+ BIFMA member companies voluntarily submit monthly sales and orders to a national accounting firm that aggregates and reports composite data. Neither BIFMA nor any individual member has access to the raw data. We show the monthly data from 2019 to March 2023 under Industry Statistics... We view the trend in orders as more telling than the absolute number. Y/Y hurdles remain high. The business flow seems to be normalizing after a pandemic/supply chain rollercoaster.
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Water Tower Research
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Analysts
Budd Bugatch

Rex Henderson

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