Furniture makers forecast 15-20% revenue growth this yr

THE local furniture industry is projecting a 15 percent to 20 percent increase in domestic sales this year on the back of strong demand fueled by a booming property market.

“Exports, in fact, are really booming, but most of the big exporters are really busy on the local market because of the hotels. It is a good thing that the big hotels are now considering the capability of the local producers,” Myrna Bituin, trustee for the furniture sector of the Philippine Exporters Confederation Inc. (PhilExport), said in a statement on March 3.