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.