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U.S. office furniture orders fall 32 percent in February

Thu Apr 2, 2009 11:04am EDT

April 2 (Reuters) - U.S. office furniture orders dropped about 32 percent to $625 million in February, while shipments fell 28 percent to $645 million, a trade group said.

The Business and Institutional Furniture Manufacturers Association maintained its 2009 forecast of 26.5 percent decline in orders and 19.3 percent fall in shipments.

BIFMA compiled its February report from 36 companies that account for about 73 percent of the industry's volume. (Reporting by A.Ananthalakshmi in Bangalore; Editing by Ratul Ray Chaudhuri)



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