UK furniture sector may be hit in 2008
Nov 20, 2007. Some experts have indicated that the furniture sector is likely to underperform in 2008.
Nov 20, 2007. /Lesprom Network/. Some experts have indicated that the furniture sector is likely to underperform in 2008, announced TTJ. Oxford Economics has forecast that furniture would rise in volume only 1.7% in value and 0.1% in volume next year, and said that the 2008-2011 period would increase on average of 1.9% in volume and 3.5% in value. From January – August 2007, sales fell 2% compared to the same period in 2006. Experts expect that without price changes, the volume of second quarter spending in 2007 will be 2.9% lower than the previous quarter. New figures show that furniture imports have grown during the second quarter of 2007 by 2.2%, even though demand fell.