US wooden furniture imports highest since recession

Source:
Fordaq
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Wooden furniture imports recovered from the brief decline in April. At US$1.38 billion, May imports were the highest since the US financial crisis. Year-to-date imports were 11% higher than the January to May period in 2014.

All major suppliers increased furniture shipments to the US in May, with the exception of Indonesia and Malaysia.

Wooden furniture imports from China increased 32% month-on-month and China's share in total imports increased to 48% in May.

Furniture imports from Vietnam grew less than China's from the previous month, but at +17%, Vietnam has the highest growth rate in year-to-date shipments to the US.

Retail sales at furniture stores in the US increased 12% in May from the previous month according to US Census Bureau estimates. Furniture sales were low this spring, but May sales indicate a recovery and higher consumer confidence in the economy. May 2015 furniture sales were 5% higher than in May 2014.

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