The BCFA figures for the office furniture industry have just been published and show that in 2013 the market was relatively flat in the UK with exports up by 6%. Total sales were £825m of which UK sales were £746m and exports £79m.
The impression is that the market has gained some stability which is just what was required to provide confidence among manufacturers. And confidence is likely to be a feature of 2014 as businesses in general release funds to invest in growth. The market forecast produced by JSA Consultancy in association with the economist Roger Martin Fagg suggests we could see an overall growth of around 7%, some of which will be from price increases. The driver for this will be the availability of money from the banking and corporate sector. But if the atmosphere in the market is anything to go by and the world economy avoids disruption we would welcome growth.
The BCFA quarterly statistics are available to members and subscribers to the scheme.
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