The results of the May International Sleep Products Association Bedding Industry Optimism Index showed a less positive outlook.
The survey asked mattress producers if their businesses experienced no change, a decrease or an increase about 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.
In general, participants were less optimistic than the last report in April.
Overall, participants were positive about current mattress market conditions in terms of expectations regarding unit output (131), pricing (154) and the average employee workweek (115). But they were moderately negative regarding unfilled orders (77).
Looking ahead to the next six months, participants were uniformly more pessimistic, with the index flat for unit output (100), 62 for unfilled orders, 154 for pricing and 92 for the average employee workweek.
When asked about general business conditions currently and six months from now, participants’ sentiments were much more pessimistic: The index was negative on both questions of whether their company’s outlook and current level of general business activity changed in the past month, 85 and 31 respectively.
The results were similar when participants answered the same questions over the next six months, with the index dropping to 85 for their company’s six-month outlook and 54 for general level of business activity.
For full details regarding the May Index results, please click here.
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]