Quikrete Industry Dashboard
The latest update of the Quikrete Industry Dashboard shows some alarming pandemic-induced declines of the residential construction and sales charts. And compared to a year ago, consumer confidence is way down and unemployment is way up.
But the stocks show strength. None of the ticker symbols tracked on the HBSDealer Stock Roundup are down for the month, and eight stocks are up compared to last month –seven are up double digit percentages.
Meanwhile, sales for NAICS 444 and 44414 (hardware stores) have held steady.
[A recent survey of readers revealed optimism for business in the next six months. Read story here.>
Next up: The nation’s unemployment rate, which stood at 14.7% for April, will be updated by the U.S. Bureau of Labor Statistics on June 5.