The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index declined slightly in January to 270.8 from an all-time high of 291.7 in December (October 2008 = 100), while the Future Expectations Index improved to 250 from 224.1 a month earlier.
“The new year began on a positive note with 65% of our member respondents reporting sales above year-ago levels," said AHMA CEO Timothy Farrell.
In comparing current sales levels with year-ago levels, 65% of respondents said sales were higher in January versus year-ago levels, down from 70% in December. For January, 16% reported sales were even, and 19% said sales were below year-ago levels.
Looking forward six months, 61% of January respondents said they expect sales to be above current levels, up from 57% in December. In January, 35% of respondents said they expect sales to be even in six months, and 3% expect sales to be below current levels.