Furniture store sales in the United States rose for the 11th consecutive month in July, signalling steady consumer demand despite concerns over tariffs and high interest rates.
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Figures from the U.S. Department of Commerce showed sales increasing 5.1% year-on-year to $11.7 billion, up from $11.1 billion in July 2024. Month-on-month, sales rose 1.4% from $11.5 billion in June. By comparison, overall retail sales grew 3.9% to $726.3 billion, with a modest 0.5% increase from June.
Furniture retailers posted one of the largest year-on-year percentage gains, reversing a prolonged slump before last September. However, they trailed categories such as miscellaneous retailers, which saw sales jump 10.6%, and non-store retailers, including e-commerce, up 8%. Restaurants, bars, clothing, and motor vehicle dealers also recorded notable growth.
Sectors reporting declines included petrol stations, down 2.9%, building materials and garden equipment, down 2.6%, and electronics and appliance stores, down 2.3%.
While furniture sales remain above both pandemic and pre-pandemic levels, industry analysts caution that tariffs could raise prices and dampen demand in the months ahead. For now, the sector continues to benefit from resilient consumer spending.
Source: www.homenewsnow.com
