France: 35.8% furniture trade turnover rise in June

24.09.2020 − 

In June, turnover in the French furniture trade increased by 35.8%. According to French market research institute Ipea, growth was spread across all product groups, with the highest growth being achieved in garden furniture. Most of the individual distribution channels also developed along positive lines. Following the lifting of restrictions on brick-and-mortar retail trade in France with effect from 11 May, rates of decline recorded in March (-51.6%) and April (-84.9%) already improved significantly to just -0.7% in May. January had closed with turnover growth of 3%. In February the level of the preceding year was slightly exceeded by 0.3%. For the first half year a turnover decline of 17.7% was recorded. As of the end of May, the figure was 27.0% below the level of the previous year. In terms of value, turnover in the first six months fell by €1.2bn.

Turnover rose again in July, however at 14.8% the increase was not quite as high as in the preceding month. Ipea attributes this lower rate to factors such as the commencement of summer holidays. While growth in June was spread more or less evenly across all product groups and distribution channels, the picture for July is less consistent.

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