Report: Residential Furniture Manufacturers & Distributors Orders Down Substantially in April 2020
According to Smith Leonard Accountants & Consultants (a d/b/a of Smith Leonard, PLLC) the results for their April 2020 survey of residential furniture manufacturers and distributors showed orders were down substantially.
Smith Leonard reported that “new orders in April 2020 were down 61% from April 2019 and down 52% from March. As the COVID-19 virus pandemic hit, March orders were down 29% from March 2019.”
Furthermore, the “April results brought the year to date orders to a decline of 21% after an 8% decline reported through March.”
The full report can be read here.