China Decoration Association:The total output value of the home improvement industry fell 25% -30% in the first quarter.

Apr 25, 2022
According to the survey of the China Institute of Residential Industry Branch, the output value of head enterprises in the home improvement industry in the first quarter of 2022 fell by about 10%year-on-year, and it was enlarged to the entire industry. It is expected to be 25-30%year-on-year.
From the perspective of the region, the Central China market has performed well. For example Too good, East China is most affected by the epidemic. Member companies generally reflect that consumers have declined in purchasing power and insufficient consumption confidence. Specifically, they are manifested in the long -term consumer decision -making cycle, increasing enterprise, decreased market conversion, and even half of the decoration of some consumers to slow down the rhythm.
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