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UK : A SIGNIFICANT RISE IN DEMAND FOR HOUSEHOLD FURNITURE |
| UK : A SIGNIFICANT RISE IN DEMAND FOR HOUSEHOLD
FURNITURE UK's global trade deficit rose to Sterling 2.9 bil in August up from STG2.4 bil. in July, most being attributed to an export slump. The hardwood trade has launched a new hardwood guide aimed at architects, however analysts in the UK say that without widespread support it is not expected to have a lasting impact. British furniture manufacturers report a significant increase in demand for household furniture and a corresponding rise in production. Chair production is up 6%, kitchen furniture production is up 8% and production of other household furniture is also up. The building sector is expected to remain buoyant in the short term but anxiety clouds the future fueled by the rapid increases seen in house prices. |
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