North Carolina's Furniture Industry

The Federal Reserve Bank of Richmond completed an interesting analysis of North Carolina's furniture industry. Download it here.

North Carolina's furniture manufacturing industry has contracted in recent years as imports have gained a greater share of the domestic furniture market. Rapid growth of the furniture industry in China and a surge in exports from that country to the United States in particular have contributed to plant closings and consolidation of operations in the state. North Carolina's furniture manufacturers are adapting to the emergence of global competition and are developing new corporate strategies to better compete.