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.

BIFMA upgrades US Office Furniture market forecast for 2014

Sunday 15 September 2013

BIFMA upgrades US Office Furniture market forecast for 2014
An updated office furniture industry outlook shows business picking up. The quarterly outlook from BIFMA, the Business and Institutional Manufacturers Association in Grand Rapids now projects North American shipments to grow 4.1% in 2013 to $9.6 billion. That’s an upgrade from the previous quarterly outlook issued in June that forecast shipment growth of 2.1 % for the year.
The new outlook, however, does slightly lessen expectations for 2014, although it still projects solid 6.1% growth in North American shipments for the industry to $10.2 billion. The previous outlook three months ago projected 7.2% shipment growth next year.
In 2012, shipments for the office furniture industry dipped 1.1 % to $9.2 billion.
The updated BIFMA outlook comes just prior to Steelcase Inc. and Herman Miller Inc. reporting quarterly sales and earnings.
Grand Rapids-based Steelcase is expected to report sales of $773.3 million, up 3.8% from a year earlier, and net income of 26 cents per share, according to a consensus estimate from brokerage analysts. Steelcase reports quarterly results Sept. 19.
Analysts expect Zeeland-based Herman Miller to report a 3.4% quarterly sales increase to $465.1 million and net income of 39 cents per share, according to a consensus estimate at yahoofinance.com. Herman Miller reports its quarterly results on Sept. 18.

Subscribe to our News Page

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



moreLatest News

Thursday 15 February 2018 Haworth 2017 sales surpass $2B

HOLLAND, MI - Haworth, Inc. had a good 2017. The Holland office furniture-maker reported sales of

Monday 12 February 2018 Knoll Q4 furniture sales recover

Knoll’s expansion into new product lines has paid off for the office furniture maker, as Q4 sales

Friday 9 February 2018 Austrian Office Furniture Manufacturer Svoboda files for bankruptcy

The Austrian office furniture specialist Svoboda has filed for bankruptcy. In spite of this, the cur

Friday 9 February 2018 Lithuanian furniture manufacturer Narbutas reports record turnover again

In 2016, the Lithuanian office furniture maker Narbutas reported a turnover of € 33.1 million. Now

Contact Us

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

+44 (0) 20 7688 1928