Office Furniture Eyed to Boom Up

Description: Office furniture business mounting up positive rankings in the recent survey. Clearly, furniture businesses are increasing its recall in matters of demand, supply and employment as well. Netherlands (November 12, 2012) The MADA/OFI Trends Survey, a quarterly survey conducted by Michael A. Dunlap & Associates LLC recently covered over 700 local and international office furniture manufacturers and suppliers showed an incredible sales improvement as the year comes to a close. Unlike in the United States, more often than not, most of the Americans shop at home furnishings and make their moneys worth it by means of such patronization. It is merely for the reason that their race focuses much on home improvement wherein they have to buy cheap dining sets, cheap bedroom furniture sets, modern sectional sofas for their living room and grab the best furniture deals on place. This picture is really far different from Hollands furniture industry. Ten principal business activities of office furniture manufacturers were being subjected on to this assessment/study. This involves the Gross Shipments, Order Backlog/Incoming Orders, Employment Levels, Manufacturing Hours, Capital Investment, Tooling Expenditures, New Product Development Activity, Raw Material Costs, Employee Costs and Personal Outlook. Ratings were given to each areas wherein rate 1 is worst, rate 50 is neutral or has no change while rate 100 is best. In their 34th period of documenting rates and figures on the said covered areas, Gross Shipments gained 60.25 which is graded as significantly higher compared to the average 57.76 rating from the 2004 survey. The Order Backlog/Incoming Orders strike 59.27 rating, which is an increase of 2.56 away from 56.71 on the last conduction. Though the Tooling Expenditures showed a not-so-impressive drop of 3.31 or 52.31 rating, the Capital Expenditures improved at an inspiring 54.36 ranking. The continued improvements in gross sales and order backlog index values are a good sign, as both had been in decline during the past two quarters, Michael Dunlap said. He also added that he is very glad to see the improvements in the employment or hours worked index values, as the latter is the best since January of last year (2011). Dunlap even noted that both manufacturers and suppliers seem to be escalating their payrolls and production schedules. Dunlaps statements were reflected from the data gathered in the Employment Levels/Index area that achieved a 53.37 ranking away from its 51.69 gain from the previous quarter. The Manufacturing Hours Index showed 58.42, compared to the cumulative survey average of 55.69. With these figures, Dunlap confidently stressed that the office furniture industry is still on solid ground and heading on a positive track. The next MADA/OFI Trends Survey will be conducted by this business consulting Services Company on January of the next year (2013).