Furniture Industry Turnover Decreased

According to preliminary information, the Belgian furniture industry experienced a minimal decline of 0.4% in turnover to €1.262bn in the first half vis à vis the comparative period of the preceding year. Growth of +1.6% in the first quarter thus contrasted with a minus figure of 2.3% in the second quarter. In the first half of 2017 it was not possible for the Belgian furniture industry, according to Fedustria to pursue the positive development over the entire period of 2016 when an increase of +3.6% had been achieved.

With the exception of office and shop furniture, the association records declines in turnover for all subdivisions. The most serious decline in the first half year was -4.4% experienced by manufacturers of kitchen furniture. In the area of living room furniture, which includes chairs, seating furniture, living room, dining room and bedroom furniture as well as garden and patio furniture, turnover declined by 1.8%. Turnover with mattresses and beds was 1.5% down on last year’s figure. In the category of office and shop furniture, by contrast, an increase of 6.4% was achieved. This category had already achieved the highest growth rates over the entire period of 2016 (+7.1%) and in the first quarter of 2017 (+8.6%).

Rate this item
(0 votes)

FDMAsia About Us

For almost 30 years, FDM Asia has been the publication of choice for woodworking professionals in Asia Pacific, providing the latest news and expert insights of a diverse range of topics including process technologies, furniture production, panels manufacturing, raw materials handling and sustainability issues.

We have one of the most comprehensive woodworking database and e-media programme to assist you in your e-marketing and give you an exclusive opportunity to connect to our 25,152 online subscribers.