Global| Jun 09 2010U.S. Furniture Buying Index At Pre-Recession High
by:Tom Moeller
|in:Economy in Brief
Summary
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 [...]
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 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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