Consumer confidence pushes to a new high
Continuing this week’s trend of optimism in market fundamentals, consumer confidence pushed to a new post-recession high of 85.2 in June, up from a downwardly revised figure of 82.2 in May.
“Consumer confidence continues to advance, and the index is now at its highest level since January 2008 (87.3)," said Lynn Franco, director of economic indicators at The Conference Board. "June’s increase was driven primarily by improving current conditions, particularly consumers’ assessment of business conditions. Expectations regarding the short-term outlook for the economy and jobs were moderately more favorable, while income expectations were a bit mixed. Still, the momentum going forward remains quite positive.”
As Franco said, the Present Situation Index drove the results, increasing to 85.1 from 80.3. There was an uptick in those claiming business conditions are "good," and a corresponding downturn in those saying they were "bad." A moderate amount of consumers thought jobs were more "plentiful," and those claiming they were "hard to get" edged down 0.4%.
Meanwhile, the Expectations Index matched overall confidence at 85.2, up from 83.5 in May. Those expecting business conditions to improve over the next six months increased to 18.8% from 17.7%. However, those expecting them to worsen also increased (by 0.7%). Consumers were optimistic about the labor market outlook, with 1.1% more anticipating a greater amount of jobs in the near future. However, 15.9% expected their incomes to grow in June, compared with 18.0% in May.
National Nail unveils CAMO Edge Pro
National Nail Corp. has announced it will introduce the CAMO Edge Pro on July 1. The product is a collated screw system for edge-fastening wood, composite or PVC deck boards. Part of the CAMO Hidden Deck Fastening System, the Edge Pro is an auto-feed screw system that secures deck boards through the board edge.
“Most decks are currently built using the traditional face-fastening method, which encourages splitting, cracking and fastener pops — annoyances that prevent homeowners from enjoying their outdoor living spaces," said W. Scott Baker, president and CEO of National Nail. "The Edge Pro eliminates these common problems by attaching the deck board through the edge, allowing the homeowner to enjoy a beautiful, fastener-free deck surface.”
Combining the speed of a collated tool with the convenience of stand-up installation, the Edge Pro is compatible with any type of deck board material. Treated wood installed with no-gap or secondary spacers can be used to create any gap size required.
Powered by a Milwaukee drill, the Edge Pro uses 2-3/8-in. CAMO Collated Hidden Fasteners available in ProTech coated and 316 Stainless Steel. The tool includes an Edge Pro attachment, the drill and a carrying bag.
Whirlpool, Nest begin product integration with washer/dryer
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Whirlpool has announced product integration with Nest devices through the Nest Developer Program.
As a participant in the "Works with Nest" Program, Whirlpool will leverage Nest application programming interfaces (APIs) to “create a connected home experience that is purposeful and thoughtful, starting with the laundry category.”
"The products Whirlpool designs adapt to consumers’ lives and sense what they need — the way they cook, clean and entertain," said Brett Dibkey, VP and general manager of Integrated Business Units for Whirlpool. "This collaboration is part of a corporate strategy to build relationships with companies like Nest that demonstrate our shared passion for creating consumer-inspired products. For more than 100 years, Whirlpool Corporation has designed for the way consumers live. It’s an exciting time as we look at the future of the home appliance industry and the number of possibilities on the horizon."
"Our goal has always been to bring thoughtfulness to your home and life — and that’s what the ‘Works with Nest’ Program is all about," said Matt Rogers, Nest founder and VP engineering. "We’re excited to work with iconic brands like Whirlpool to create new experiences in the home and help save people energy."
The first appliance under the new collaboration is the the "Works with Nest" washer and dryer that integrates with the Nest Learning Thermostat. Available online at The Home Depot, the laundry pair connects with the Nest Learning Thermostat to leverage Nest’s Home and Away modes. The he washer and dryer can keep clothes fresh if a cycle ends while the consumer is not home, and the dryer can also switch into a longer, more energy-efficient cycle if the consumer is away. In addition, for people who are enrolled in Nest’s Rush Hour Rewards program through a participating energy provider, the washer and dryer can automatically delay the start of a cycle during high-demand energy periods.
Consumers can connect their Nest account to the laundry pair through the Whirlpool Smart Appliance App available on the Google Play and App store.
Learn more about the "Works with Nest" Whirlpool washer and dryer at whirlpool.com/works-with-nest.