Retail sales of furniture up on year
According to the latest figures from the Office of National Statistics (ONS), retail sales of furniture (includes lighting) faired well compared to a year ago whether you look at seasonally adjusted data or data which has not been adjusted to account for seasonal patterns.
However, this rise does not seem to square with the fortunes of British furniture manufacturers who in April 2012 (latest figures) recorded a fall in production of 11% (seasonally adjusted) over the year and this following a fall in the last quarter of the year of 1.4%. The index of production unfortunately does not distinguish between the retail and the contract sectors and nor do the retail sales figures show what was home produced as opposed to imported. It will be interesting therefore to see the results of the June state of trade survey which the BFM is currently undertaking.