The office furniture industry will come out of the recession with solid growth by the first quarter of 2011, so says industry analyst Michael A Dunlap, of Michael A Dunlap & Associates LLC.
Dunlap released the 25th MADA/OFI Trends Survey, which increased to a score of 54.93 (out of 100), the highest score since October of 2007. Components of the survey include:
- Gross Shipment: Increased to 64.4
- Order Backlog : Increased to 61.73
- Employment Index: Increased to 52.96
Dunlap commented that he was not surprised to see the improvements in gross shipments and order backlog, but was "
very surprised to see the decrease in the personal outlook. It appears that the supplier community is a bit pessimistic compared to the office furniture manufacturers."
