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Joëlle Noreau
Principal Economist
Quebec’s Furniture Industry Was Afected by the Pandemic, but Is Recovering
The furniture industry took a hit from COVID-19. As demonstrated by the economic indicators, 2020 was particularly painful. However, with restrictions being lifted and the housing market experiencing particularly lively activity, a recovery is taking place. Although 2022 promises to be positive, we should not rely solely on the momentum in housing activity and a return to the office to support the industry because competition is fierce. Consumer preferences also change and are guided by environmental considerations, something to which the industry cannot be indifferent. Investments will have to be made in the coming years to remain in the technological race, alleviate the labour shortage and inject flexibility into production to suit consumers’ tastes. A new post-pandemic balance is being created.
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