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Home Appliance Shipments Up In U.S.

UnknownConsumers are beginning to purchase home appliances again.

The number of shipments of major home appliances in the U.S. rose this January. A total of 1.7 percent more appliances were shipped throughout the country. This number comes as a sign of the housing market’s slow recovery.

Shipments of the top six appliances – washers, dryers,  dishwashers, refrigerators, freezers, and ovens – totaled 2.16 million in the month of January. This is a great increase since December, which showed a 4.1 percent decline in big appliance purchases and shipments.

Appliance purchases are watched closely to gauge future activity for appliance manufacturers like Whirlpool, GE, Electrolux, and LG.

First seen @foxbusiness.com

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