BIFMA data points to recovery

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9 August 2005 – Grand Rapids (MI): The Business and Institutional Furniture Manufacturers Association (BIFMA) has released its June industry order and shipment statistics.

 

June orders increased by 13 per cent to $1.05 billion compared to a year earlier. June was also the third month of double digit growth during the first half of 2005. Shipments increased 14 per cent to $930 million compared to June 2004.

 

Analyst Budd Bugatch said: "The office furniture industry recovery continues apace as demonstrated by the BIFMA data, and the overall demand picture for the near-term remains positive. The industry is likely to enjoy above-average growth in orders and shipments through 2005 and possibly into the first half of 2006."