The first results of the new International Sleep Products Association Bedding Industry Optimism Index showed a positive outlook.
The survey asked mattress producers to weigh in on whether their businesses experienced a positive change, negative change or no change on several business metrics.
After tabulating responses, ISPA calculated an index that can range from 0 to 200. Scores more than 100 indicate participants, on average, expect an increase or improvement. Less than 100 indicate a decrease.
Overall, participants felt positively about current mattress market conditions in terms of expectations of output (106), pricing (165) and the average employee workweek (112). However they were moderately negative regarding unfilled orders (88).
Looking ahead to the next six months, participants were uniformly more upbeat, with the index increasing to 118 for unit output, 177 for pricing and 138 for the average employee workweek.
When asked about general business conditions now and in the next six months, participants expressed similar sentiments.
On the question of whether their company’s outlook changed from March to April, the index was positive (118). When asked to evaluate the current level of general business activity, the response was more negative (88).
Looking ahead six months, participants expressed more optimisim — 135 for their company’s six-month outlook and 100 for general level of business activity.
For full details of the results, visit sleepproducts.org/wp-content/uploads/Mattress-Industry-Optimism-Index-4-18-2022.pdf .
To get more information or to participate in a future survey, contact Mary Helen Rogers, ISPA vice president of communications and marketing, at [email protected]