Textile Furnishings Mills NAICS 3141

Nov 25, 2025 - HFPA Survey Finds Mills Facing Input Cost Increases

• Textile furnishings mills are facing significant margin pressure as tariffs drive double digit cost increases across the sector, according to the Home Fashion Products Association (HFPA) Tariff Impact Survey in Home Textiles Today. The survey found that 100% of respondents reported at least a 10% rise in input and finished product costs, with 25% citing hikes above 20%. Retail prices have followed suit: all companies raised U.S. selling prices by 6–11%, while nearly 40% increased prices 11–20%. The financial strain is curbing investment, with 65% of mills reducing or postponing US operations spending, and workforce impacts are evident as 25% anticipate layoffs and more than half have frozen hiring. Despite rising costs, over 85% of firms do not plan to reshore production, underscoring reliance on global supply chains. For mills producing bedding, bath, window, and table linens, tariffs are reshaping cost structures, limiting growth, and forcing difficult operational trade off.
• Softening consumer sentiment and confidence in November and October 2025 reflects a growing weakness in discretionary spending, posing challenges for US textile mills. The University of Michigan’s Index of Consumer Sentiment dropped 6.2% month-over-month in November's preliminary results to 50.3, a 29.9% year-over-year decline. The Current Economic Conditions Index fell to 52.3, and the Expectations Index to 49, down 36.3% annually. Year-ahead inflation expectations rose to 4.7%, while long-run expectations declined to 3.6%, with increased uncertainty across both horizons. Meanwhile, the Conference Board’s Consumer Confidence Index edged down to 94.6 from 95.6 in October, as improved current conditions (Present Situation Index up to 129.3) were offset by weaker short-term expectations (Expectations Index down to 71.5). Inflation expectations rose to 5.9%, and over half of consumers anticipated higher interest rates. Holiday spending is projected to fall, with promotions driving purchasing decisions.

• According to Floor Covering News, flooring dealers are entering the fall season with mixed expectations. While some, like IQ Floors and Ted’s Floors & Beyond, report year-over-year sales growth of 8% and 2.25% respectively, others anticipate flat performance due to high interest rates, rising tariffs, and a sluggish housing market. Mortgage rates remain elevated, and job openings fell to 7.18 million in July, the lowest since April 2021. The outlook is significant for textile mills producing rugs and carpets, as demand for flooring materials is closely tied to housing activity and renovation trends. A rebound in consumer spending and new construction could drive increased orders for soft flooring products. However, mills must remain agile in managing input costs, navigating tariff pressures, and aligning production with shifting retail demand across price points and product categories.
• The Textile Mills manufacturing industry is one of a dozen manufacturing industries reporting contraction in October’s Manufacturing ISM Report on Business. The Textile Mills industry reported a decline in new orders, a decrease in production, lower employment, lower inventories and backlogs, a decrease in new export orders, and higher prices for raw materials. Additional manufacturing industries reporting contraction during the period were; Furniture and Related Products; Apparel, Leather & Allied Products; Paper Products; Printing & Related Support Activities; Wood Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Chemical Products; Machinery; Miscellaneous Manufacturing; and Computer & Electronic Products. Industries reporting growth were Primary Metals; Food, Beverage & Tobacco Products; Transportation Equipment; Plastics & Rubber Products; Fabricated Metal Products; and Nonmetallic Mineral Products. Overall, economic activity in the manufacturing sector contracted for the eighth consecutive month in October, with the Manufacturing PMI registering 48.7%.