

Some of the best forecasts for the industry come from data collected from dealers around the country - and Canada. This information is invaluable to manufacturers and dealers alike. The Solomon Coyle 2023-Q3 to Q4 Market Outlook Report indicates continued macroeconomic strength supporting the Contract Furniture Industry. Government, education, and health sectors show stronger pipelines compared to the private sector. Key findings include positive dealer bookings trend, expected growth in bookings, strong pipelines in the South and Midwest, and significant momentum in education, healthcare, and government sectors.
• The positive Dealer Bookings trend continues, with 2.0% growth versus the 7.4% jump from the last quarter. The report also observed Dealer Backlogs leveling off from 2023-Q2 and dealers' Billings continued increasing.
• Dealers expect more growth in Bookings: +4.0% in Q4 and +1.6% in Q1-2024. There is still significant momentum for the remainder of 2023.
• Pipelines look very strong across all geographic regions but highest in the South and Midwest.
• Pipeline Activity by Sector shows the most significant momentum in Education, Healthcare, and Government. The Technology sector has the only negative Pipeline Activity Index but is nearly flat at -0.04.
• Pipeline Activity by Product Category is very positive across the board, with Furniture and Floor/Wall leading the way.
To view the current report, visit: www.solomoncoyle.com/dealer-market-outlook-report/













