Office Furniture Industry Improves

Posted by Expert Gadget Reviewer on Monday, 2 August 2010

The office furniture industry will come out of the recession with solid growth by the first quarter of 2011, so says industry analyst Michael A Dunlap, of Michael A Dunlap & Associates LLC.

Dunlap released the 25th MADA/OFI Trends Survey, which increased to a score of 54.93 (out of 100), the highest score since October of 2007. Components of the survey include:
  • Gross Shipment: Increased to 64.4
  • Order Backlog : Increased to 61.73
  • Employment Index: Increased to 52.96
Dunlap commented that he was not surprised to see the improvements in gross shipments and order backlog, but was "very surprised to see the decrease in the personal outlook. It appears that the supplier community is a bit pessimistic compared to the office furniture manufacturers."