Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Updated outlook sees larger office furniture dip in 2010 than earlier forecast

Friday 20 November 2009

An updated outlook at the office furniture industry indicates that business has been declining in 2009 at a slightly lower rate than earlier expected but the market is expected to taking a bigger dip in 2010 than previously forecast.
The quarterly outlook from the Grand Rapids-based BIFMA - Business and Institutional Furniture Manufacturers Association - estimates the industry will end 2009 with a 30.2 percent decline in shipments to $7.79 billion. The August outlook was for a 31 percent decline.
The updated BIFMA outlook for 2010 estimates that industry-wide shipments will decline another 4.6 percent to $7.43 billion – a sales volume last seen in the early 1990s.
The prior BIFMA outlook three months ago forecast a 1 percent decline in 2010.
The American industry has been working through a severe downturn brought on by the U.S. recession, though recent data suggests the rate of decline has slowed and business is bottoming out. An industry recovery is expected to begin in the middle or latter half of 2010.
Industry leaders and Steelcase Inc. and Herman Miller Inc. report quarter sales and earnings next month.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Wednesday 9 August 2017 Martela Corporation Half Year Financial Report 1 Jan - 30 June 2017

The January-June 2017 revenue and operating result declined from the comparison period. Decline in r

Friday 4 August 2017 Kimball International posts 4Q profit

JASPER, Ind. (AP) _ Kimball International Inc. (KBAL) on Wednesday reported fiscal fourth-quarter pr

Friday 28 July 2017 Difficulties persist, but Knoll remains profitable

UPPER HANOVER TWP., Pa. - Ongoing softness in sales of office furniture caused a decrease in revenue

Monday 24 July 2017 Steelcase Werndl changes name and relocates European Headquarters to Munich

Steelcase Werndl AG, a subsidiary of the American office furniture manufacturer Steelcase, will rena

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7670 1510