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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.

BIFMA announce increase in industry volumes in July

Friday 9 September 2011

The Business and Institutional Furniture Manufacturers Association (BIFMA) has released its market statistics for July 2011. The month’s order and shipment statistics were derived from a sampling of 30 companies in the contract office furniture industry, the combined shipments of which make up about 75% of total industry volume.

BIFMA estimates July orders increased 7% year-on year; a slow down in growth relative to the 12% increase posted in June despite a significantly easier prior-year comparison (July 2010 orders increased 9% year-over-year compared with +16% in June 2010). Thus, on a two-year stacked basis, July order growth was roughly 1,200 basis points weaker than June. July orders declined 28% sequentially, weaker than normal seasonality would suggest; the 20-year median June to July decrease has been 14%. Trailing 12-month orders totalled $9.46 billion, a 19.6% year-over-year increase. July shipments increased 10% year-over-year, also decelerating compared with +19% last month; although the prior-year comparison was somewhat more difficult (July 2010 shipments increased 11% versus +8% in June 2010). On a two-year stacked basis, July shipment growth weakened by roughly 700 basis points. Trailing 12-month shipments were $9.2 billion, 18.3% higher year-over-year.

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