|  

France: furniture trade benefits from catch-up effects

19.07.2021 − 

In May, turnover of the French furniture trade increased by 10.1% vis à vis the preceding year. Compared to 2019, an increase of as much as 12.2% was achieved, according to French market research institute Ipea. Following a lockdown-related closure period lasting approximately six weeks, the brick-and-mortar furniture trade in France reopened from around mid-May. In a similar fashion to the preceding year, the second half of May was characterised by catch-up effects. In 2020, following the slumps recorded in March (-51.5%) and April (-85.0%), a slight increase of 1.9% had already been achieved again as early as May.

Accumulated over the first five months, an increase of 33.9% vis à vis 2020 ensues. However, a decline of 1.1% in comparison to the 2019 figure still ensues. Compared to the same months in 2020, turnover generated by the French furniture trade increased by 6.1% in January and by 20.3% in February. Compared to 2019, the increase rates were even more significant - with 10.1% recorded for January and 21.8% for February. In March, the preceding year’s figure was exceeded by 98.0%; compared to 2019, a decline of 4.1% ensues. For April, an increase of 269.7% vis à vis 2020 was recorded, and a decrease of 44.3% compared to 2019.

Tags of this news:

previous − US furniture imports increase by one-quarter

Growth in online furniture trade continues  − next