AKTRIN sees growth in store for North American furniture sales.U.S. and Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. furniture and bedding retailers can expect solid sales in 2004, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. separate studies released by the AKTRIN Furniture Information Center. The U.S. residential furniture and bedding industry is completing a slow-growth year, but has reason for holding brighter prospects for 2004. According to AKTRIN Furniture Information Center, American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. on furniture and bedding, evaluated at retail prices and including all sales taxes sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. , will rise 0.5% this year to $67 billion. Next year, with an anticipated growth rate of 4.3%, the market would reach a new all-time high of $69.9 billion, AKTRIN says. The Canadian furniture and bedding market, at retail prices, is expected to grow by 9.3% this year to $9.2 billion (Can.) and by 5.3% next year to $9.7 billion (Can.). "Assuming continued positive economic growth," AKTRIN says, "the Canadian furniture market is likely to exceed the $10 billion mark in 2005." For more information statistical reports available from AKTRIN, visit www.furniture-info.com. North American Spending on Furniture & Bedding U.S. 2001 $64.0 billion 2002 $66.7 billion 2005 $67.0 billion * 2004 $69.9 billion* Canada (Can. $) 2001 $7.6 billion 2002 $8.4 billion 2005 $9.2 billion * 2004 $9.7 billion * * projection Source: AKTRIN Furniture Info Center |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion