Smith Leonard has released another report on the November 2025 Furniture Insights: New orders were up 15% compared to the prior month of August 2025 and up 7% compared to September 2024. And with this month's surge, year to date through September 2025, new orders are now materially even compared to 2024.
Shipments were up 3% compared to the prior month of August 2025 and up 6% compared to September 2024. However, year to date through Septebmer 2025, shipments remain down 1% compared to 2024.
© SmithLeonard
With the increase in new orders, September 2025 backlogs were up 5% compared to August 2025 and up 2% compared to September 2024.
Receivable levels were up 2% from August 2025, but down 3% from September 2024. Inventories were up 2% compared to September 2024, but flat with August 2025.
Payrolls were up 4% compared to August 2025 and up 6% compared to September 2024, which are materially in line with shipments. Employee levels are again materially in line with recent months and the prior year.
