The office furniture business is an extremely useful economic indicator. The ups and downs of this industry are not standalone indicators that you can use to time the market. They are, however, very good advance measures of overall economic health. After all, businesses only buy large amounts of office furniture—including the dreaded cubicle—when they are expanding their workforce and growing. That is why my bear market antenna started to twitch when I read the pessimistic outlooks of the largest office furniture and cubicle manufacturers in the world.
Office-furniture sales suggest a recession is coming