A survey from the Schaumburg, Ill.-based American Hardware Manufacturers Association (AHMA) found most members see sales higher than a year ago.
In comparing current sales levels to year-ago levels, 75% of respondents said sales were higher in September versus year-ago levels, according to the AHMA’s monthly survey.
In August, 77% of respondents said sales were trending higher.
Timothy S. Farrell, president and CEO of the AHMA said: “Manufacturers in the home improvement industry remain optimistic about the prospects for future sales growth. And with 75% of our members reporting that current sales levels are higher than year-ago levels, the industry is well-positioned for continued growth.”
Also for September, 13% reported sales were even, and 12% said sales were below year-ago levels.
Looking forward six months, 63% of September respondents said they expect sales to be above current levels, up from 50% in August. In September, 37% of respondents said they expect sales to be even in six months and none expects sales to be below current levels.