WASHINGTON — The furniture and home furnishings category showed growth for the third month in a row in November according to the Department of Commerce’s advance monthly estimates.
After it showed a year-over-year gain last month in the advance estimates for October, and after September’s figures proved to be higher with revisions, November saw the furniture and home furnishings category post adjusted estimated sales of $11.324 billion, up 0.7% compared with $11.246 billion in November 2023. The November numbers were also 0.3% higher than October’s preliminary adjusted total of $11.292 billion.
For the three months from September through November, furniture and home furnishings sales are up 1.5% year-over-year, although overall the category’s $122.665 billion through 11 months remains 3.3% off 2023’s pace.
The overall retail snapshot showed an adjusted $724.609 billion in sales in November, up 3.8% vs. $698.105 billion a year ago and up 0.7% against October’s adjusted $719.676 billion.
Multiple categories showed significant year-over-year gains in November, led by non-store retailers’ 9.8% leap in sales. Motor vehicle and parts dealers reported a 6.5% increase, while building material and garden equipment and supplies dealers were up 4.1%.
The DOC’s advance estimates are based on a sub-sample of the U.S. Census Bureau’s full retail and food services sample. A stratified random sampling method is used to select approximately 5,500 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of more than 3 million retail and food services firms.
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