Office and contract manufacturers build on sales strength

Most of the major office and contract furniture manufacturers in the FDM 300 had a strong year in 2011, and most of the publicly traded companies in the office/contract group have reported stronger quarterly sales in 2012.

U.S. production of office furniture reached $9.375 billion in 2011, a gain of 13 percent. U.S. consumption rose by a similar amount, 12.7 percent, to $11.131 billion, according to the Business and Institutional Furniture Manufacturers Assn.

In 2010, U.S. production reached $8.3 billion, a gain of 5.8 percent, Overall U.S. consumption in the sector, which includes imports, increased 7 percent in 2010 to $9.877 billion. In 2009, consumption fell 29 percent and U.S. production was down 29.7 percent to $7.845 billion.

In March, the BIFMA HIS Global Insight industry forecast model projected 2012 U.S. production to be $9.2 billion, a 2 percent decline, with U.S. consumption at $11.2 billion, a slight increase. For 2013, larger increases were forecast both for production (6.8 percent) and consumption (6.6 percent).

%d bloggers like this: