“The energy price shock, inflation not seen in decades, rising interest rates, and the ongoing war in Ukraine are affecting consumer sentiment globally. This is slowing down aggregate demand considerably. The gloomy mood seems unlikely to fade as winter approaches, and consumer optimism and the resulting increase in production volumes in the furniture sector are also unlikely to be sustained, at least in the short term. However, the good news is that the markets are seeing a stabilisation of demand and a downward adjustment in energy prices. However, it would be imprudent to say that these trends are long-term,” says Raimonda Kižienė, CEO of SBA Home, a company uniting five SBA furniture manufacturing companies.

It is forbidden to copy the text of this publication without a written permission from ELTA.
Elta EN
Comment Show discussion