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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.

Outlook sees US office furniture declines through '09

Monday 25 February 2008

A new quarterly outlook for the first time foresees the office furniture industry experiencing a downturn to close out the decade.

Following a previously predicted and slight 0.6 percent decline for 2008, industry production could fall off another 2.6 percent in 2009, to $11.1 billion, according to the updated outlook from the Grand Rapids-based Business and Institutional Furniture Manufacturers Association.

The outlook, prepared quarterly by Global Insight for the current and following year, is predicated on the national economy\'s experiencing a mild recession in 2008, BIFMA Executive Director Tom Reardon said.
\"Given the nature of the macro-economic picture, it\'s not too surprising,\" Reardon said.

The BIFMA outlook first forecast a slight downturn for 2008 when it previously was updated in November. The newest update, issued last week, added 2009 and the potential for a subsequent, larger decline.

The possibility of an extended downturn comes after the industry had put up four straight years of solid growth following a devastating period earlier this decade that saw production fall 36 percent from a peak of $13.28 billion in 2000, to $8.50 billion in 2003.

The industry in 2007 grew 4.4 percent, continuing its rebound, to $11.42 billion.

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