If the office furniture industry is any indication, the economy may finally be headed in the right direction, albeit at a snail’s pace.
Over 50,000 office furniture buyers and sellers attended NeoCon, the industry’s largest trade show at the Merchandise Mart in Chicago June 13 – 15. Attendance at Neocon was up 6 % over last year, as more employers sent representatives to scout the latest innovations in the office furniture industry. Industry wide, sales are up 16 % for the year, a positive sign the economy might finally be on the upswing.
Office furniture sales, tied directly to white collar hiring, is generally regarded as a trailing economic indicator. Also closely linked to commercial real estate activity, furniture sales have increased as more organizations look to improve their work environment as they relocate.
Improving furniture sales might be a good sign for all of us.