Quikrete Industry Dashboard
A slight decline in confidence, big gains on the Stock Roundup
The latest version of the Quikrete Industry Dashboard includes an updated Consumer Confidence Index reading of 126.5, down ever so slightly from 126.8 last month.
Here’s the analysis from Lynn Franco, director of economic indicators at The Conference Board. “Consumer confidence declined marginally in December, following a slight improvement in November. While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
The Stock Roundup continued to feed on its momentum. Of the 10 industry companies tracked, nine-show double-digit annual growth. Only BECN was lower than a year ago. And BLDR was up triple digits.
Gas prices showed no change from the prior month.
Employment data from the Bureau of Labor Statistics are slated to be released Jan. 10.
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