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PBM Research

Casual Living's Furniture Metro Market Projections 2018

$78.00

Casual Living's Furniture Metro Market Projections 2018

$78.00
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465000-5000-000-00000-000-CL199
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Product Description

Originally printed in the February print edition of Casual Living

Twenty-five states are expected to grow outdoor furniture sales faster than the national average of 20%, with the District of Columbia leading all states at 23.7%. North Dakota and Hawaii round out the top three fastest-growing states at 23.2% and 22.7%, respectively. The five slowest growing states are all in the South; Arkansas is predicted to be the slowest at 17.7%.

About the data

The 2017 sales estimates and 2022 projections were developed by PBM’s Strategic Insights Team and Easy Analytic Software Inc. Sales figures are based on data available through October 2017 and are subject to revision. Estimates are based on information from the Department of Commerce, the International Trade Commission, sales estimates from manufacturers and retailers, Casual Living consumer surveys and information garnered from discussions with industry executives and analysts.

Projections for 2022 are designed to forecast the changes that statistically adjust for household income, age by race and gender, group quarter population, and births and deaths, along with other forecasting factors. Spending forecasts assume a national rate of inflation that does not vary from one location to another.

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