Furniture Retail Increase Slightly In July

Furniture and home furnishings sales rose slightly in July in what was a flat month overall for retail, according to advance monthly estimates from the Department of Commerce.

The furniture and home furnishings category recorded an adjusted $12.122 billion in July, up 0.2 percent from  June’s $12.1 billion. But while sales in the category were relatively flat month-to-month, they were up 2.1 percent from July 2021’s $11.873 billion. For the year-to-date, furniture and home furnishings sales are at $81.913 billion.

In the overall snapshot, the full retail spectrum came in at $682.815 billion in July, which was basically even with June’s $682.585 billion. Year-over-year, retail was up 10.3 percent compared with July 2021’s $619.180 billion.

Very few categories recorded substantial growth in July, but non-store retailers led the way with a 2.7 percent increase vs. June. Building material and garden equipment and supplies dealers and miscellaneous store retailers were both up 1.5 percent month-to-month.

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