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Economy in Brief

U.S. Furniture Buying Continues Strong
by Tom Moeller  March 16, 2011

Consumers want to buy more furniture. That's the message indicated by the Furniture Buying Index which rose to 75 in March, up 12.0% y/y. During the last twelve years, the index has a 69% correlation with the change in real personal consumption expenditures on furniture.

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.

The Furniture Buying Index is available in Haver's SURVEYS database.

  Mar Feb Jan Mar Y/Y 2010 2009 2008
Furniture Buying Index 75 74 73 12.0 69 57 60
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