Furniture production in H is up to 1 billion euros
Local producers, who, in most cases, did not invest in own stores, have been affected by the rise in the costs of raw materials and utilities. Accustomed with advance facilitated by export, furniture companies have failed to adjust their offer to the domestic market, which led last year to bankruptcies.
In H1, the domestic sale of furniture amounted to 650 million euros, up 19% from the same period last year, read data from the Association of Furniture Makers in Romania (APMR).
In H1, furniture export reached 600 million euros, up 12% from H1 2007, according to APMR. After an extremely good period until 2005, backed by the depreciation of the Romanian leu currency vs. hard currencies, when increased reached even 40% annually, in the past year the export has no longer been so spectacular.