Declines in furniture orders continue - The Business Journal of the Greater Triad Area:

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New orders in March were 17 percenft lower than they had been ayear earlier, reported surve y author Ken Smith. But there’s at least a glimmer of hope in that he added. “While nothinbg to get too excited at least the decline fell beloethe 20-plus percentages we have been reporting,” he said in the Year to date, new orders were 21 percengt lower than the first quartert of 2008. In March, shipmentzs of completed orders were off 17 percent from a year the same decline as new The industry continues toshed workers, the survey Factory employee counts were 20 percent lower in Marchy than a year earlier, and payrolls were off 24 Smith said based on survey he believes the economhy may be at or near its bottom.
There have been some encouragingg signs of reboundingconsumer confidence, which is a positivre sign for the furniture industry, he “No one expects the economy to come back with a but at least if companies can feel they have bottomed out, management can structure the company to deal currengt volume levels,” he said.