Furniture production in China decreased in January-May 2020 by 14.4%

According to the Ministry of Industry and Information Technology, 309.75 million pieces of furniture were produced between January and May 2020, a decrease of 14.4% YoY. In May, the production of furniture fell by 3.5% yoy to 70.67 million units. The total revenue of Chinese furniture manufacturers from January to May was 222.25 billion yuan ($ 31.46 billion), -16.6% YoY, and their profit was 9.59 billion yuan, -36.4% YoY. g. The decline in furniture production occurred amid the COVID-19 epidemic.