u.s. office furniture orders up 2 pct - trade group
New York, February 5 (Reuters)-U. S. An analyst said that office furniture orders shrank further in December, continuing a slowdown in growth. December orders increased by 2% year on yearover- Reached $0. 875 billion this year, down 3% from $0. 9 billion in November, the Association of furniture manufacturers in business and institutions (BIFMA)said. Shipments also slowed in turn, rising 5% to $1. According to BIFMA data, it increased by 1 billion compared to 8% in November. Data from 2006, average annualover- Raymond James analyst Budd Bugatch wrote in a research report that annual orders grew by 7% per month, in sharp contrast to the average 11% in 2005. Strong double- Digital growth between November 2005 and March 2005 has driven profit growth for companies such as Steelcase Inc.