U.S. manufacturing remains weak, but the furniture segment is continuing to shine for the second month in a row.
Economic activity in the manufacturing sector contracted in June for the eighth consecutive month following a 28-month period of growth, according to last week’s Manufacturing ISM Report On Business.
The survey of furniture manufacturers and distributors also showed that new orders were down for 71% of the participants.
Furniture and wood products reported the biggest and second-biggest contractions, respectively.
Furniture and wood products reported the biggest and second-biggest contractions, respectively.
Furniture worsened for the 11th consecutive month.
Vietnam’s wood and wood product exports declined 34.8% in January and February.
Furniture manufacturing output has fallen for the tenth month in a row.
The U.S. manufacturing sector shrank again in January, with virtually all manufacturing industries seeing a decline.
The U.S. manufacturing sector shrunk for the second month in a row in December, and furniture took another hit.
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