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Economy in Brief

U.S. Furniture Buying Index At Pre-Recession High
by Tom Moeller June 9, 2010

Plans to buy consumer durables are rebounding. The American Research Group, which surveys consumer buying intentions as well as other issues, indicated that their Furniture Buying Index rose this month to its highest level since November 2007. The index has rebounded by one-third from its recession low. During the last fifteen years there has been a 45% correlation between the y/y change in the index and the change retail sales at furniture stores

America's Research Group specializes in consumer research, marketing plans, strategic marketing, strategic planning, and marketing research. It interviews more than three million American consumers about their shopping habits.

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. The data can be found in Haver's SURVEYS database.

America's Research Group June May April June '09 2009 2008 2007
Furniture Buying Index 72 71 69 59 57 60 77
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