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AFMA Raises 2002 Sales Forecast

AFMA Raises 2002 Sales Forecast
The American Furniture Manufacturers Assn.
s new sales forecast predicts a 6% increase in furniture shipments in 2002, up to $24.345 billion. AFMA's most recent forecast, released in July, predicted only a 4.1% increase.

The association expects wood furniture shipments to improve by 4.0% this year, to $11.30 billion. It anticipates upholstered furniture shipments to grow 8.8% to $10.714 billion.

AFMA predicts a 4.9% overall furniture shipments increase in 2003, with wood furniture shipments up 4.4%.

Source: AFMA

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