Quikrete Industry Dashboard
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The Thanksgiving week version of the Quikrete Industry Dashboard carries an updated Consumer Confidence chart – and while you can expect solid holiday spending, the numbers are down a little bit. November’s index is at 125.5, down from 126.1 in October.
A year ago, the index was 136.4.
Here’s how the Conference Board explained it:
“Consumer confidence declined for a fourth consecutive month, driven by a softening in consumers’ assessment of current business and employment conditions,” said Lynn Franco, senior director of economic indicators at The Conference Board. “The decline in the Present Situation Index suggests that economic growth in the final quarter of 2019 will remain weak. However, consumers’ short-term expectations improved modestly, and growth in early 2020 is likely to remain at around 2%. Overall, confidence levels are still high and should support solid spending during this holiday season.”
Employment data is slated to be released Dec. 6.