DESIGN INSPIRATION
For the third month in a row, furniture manufacturing was one of the lone bright spots.
For all its uncertainties and recent disruptions, the U.S. remains one of the most stable and robust markets for furniture sales in the world.
U.S. manufacturing remains weak, but the furniture segment is continuing to shine for the second month in a row.
Spot ocean container rates fell 3.5% this week to $1,535 per 40-foot container.
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.
Despite ongoing economic uncertainty for many businesses and consumer markets, the furniture market is expected to grow 5.2% between 2023-2028.
The VIATT expo (Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies) will take place from Feb. 28 to March 1, 2024, at the Saigon Exhibition and Convention Center in Ho Chi Minh City.
Despite ongoing economic uncertainty for many businesses and consumer markets, the furniture market is expected to grow 5.2% between 2023-2028.
VIFA ASEAN 2023 will be taking place from August 29 to September 01 at the Saigon Exhibition and Convention Centre (SECC), promising to be a reliable and high-quality connection point for global manufacturers and buyers in the region.
The survey of furniture manufacturers and distributors also showed that new orders were down for 71% of the participants.
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