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Again, sales increase in the furniture industry is recovering slowly

Again, Increase In Sales
Furniture industry slowly recovering

A kitchen in the exhibition space of the Warendorf kitchen factory GmbH. The Association of the German furniture industry has indicated the latest Figures to the furniture production on its year-Pk. Photo: Guido Kirchner/dpa

© dpa-infocom GmbH

April and may have added to the furniture industry were quite substantial. Now, the sales is picking up again, and voices the industry is confident.

After a massive slump in sales industry is in the furniture, in the meantime, to realize a substantial recovery.

In June there had been, for the first time this year, a sales increase compared to the same month last year, to 2.2 percent, as the Association of the German furniture industry (VDM) announced on Monday in Cologne. Overall, the turnover of the German furniture manufacturers in the first half of the year declined by 9.8 percent compared to the same period last year, which is particularly due to the severe slump in the months of April and may.

Since even in the traditionally weak summer months of June and July, the order of inputs, but increased significantly again, the manufacturers are now quite optimistic about the coming months. The orders of the past few weeks would have a positive effect on the sales of the third quarter, said VDM managing Director Jan Kurth.

For the year 2020, the industry expects a decline in sales of around five percent. “This is still a lot, but significantly less than we had feared at the beginning of the crisis,” says Kurth. At the time, had initially held a sales slump of up to 20 percent is possible. Travel restrictions impacted the Import and Export, closed furniture stores made the direct sales impossible.

However, Kurth sees a number of factors that have favored the relatively rapid recovery of the industry: first, there is a pent-up demand for furniture purchases, according to the Corona-forced break, on the other, for many people budget release that had been issued in other years, perhaps for major holidays would be in this year. Due to the long time in the own four walls is Living also, the theme and Setting more in focus.

Matthew Velter
Matthew Velterhttps://etrendystock.com/
With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

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