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February 25, 2021
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Business Review Western MI
Business Review Western MI
Office Furniture Update
(2007-08-15)
(wgvu) - The office furniture industry remains on cruise control, with a latest
activity index registering its second-highest level.

The 58.49 reading recorded in the early July survey of industry
executives Michael A. Dunlap & Associates represents a significant
improvement from the 53.25 recording in April and compares with 57.97 a
year earlier.

The July reading is surpassed only by an index of 59.72 in July 2005. It
affirms that the industry remains on very solid ground, Michael Dunlap
said. It's just normal business cruising along at cruising altitude.

The personal outlook index recorded a 65.28, also the second-highest
reading in the three years that Dunlap & Associates has conducted the
survey, which seeks the views of executives on 10 measures of business
activity.

Except for persistent concerns about raw material and labor costs, most
of the survey's individual categories recorded improvement, including
gross shipments, order backlog and incoming orders, employment levels
and capital expenditures.

There's nothing in there that really rings my alarm bell, Dunlap said.

The office furniture industry is projected to grow six percent in 2007,
to $11.5 billion, according to a quarterly outlook issued in May by the
Grand Rapids-based Business and Institutional Furniture Manufacturer's
Association.

Industrywide shipments are projected to grow another 4.3 percent in
2008, to $12.0 billion.
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