Quikrete Industry Dashboard
Through it all, stocks climbed in April. Consumer Confidence did not.
The latest edition of the Quikrete Industry Dashboard shows declining residential construction stats and a matching decline in Consumer Confidence.
The Conference Board reported a steep drop in Consumer Confidence. The index for April fell to 86.9, compared to 118.8 in March (1985=100).
However, the Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – improved from 86.8 in March to 93.8 this month. (Read more here.)
Stocks tracked on the Stock Roundup performed very well in April. Based on April 30 prices, BLDR was up more than 40% for the month. And BECN was up more than 35%.
The unemployment rate for April will be released on May 8.
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