BIFMA’s bullish outlook

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The Business and Institutional Furniture Manufacturers Association (BIFMA) has released its June industry order and shipment statistics.

 

June orders increased to $1.05 billion, up 13 per cent from 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."