The latest version of the Quikrete Industry Dashboard includes an update on the Consumer Confidence Index, which shows a slight increase for October following a big increase in September.
The Consumer Confidence Index now stands at 100.3 (1985 = 100).
Lynn Franco, senior director of economic indicators at The Conference Board added the following statement to the numbers: “Consumers’ assessment of current conditions improved while expectations declined, driven primarily by a softening in the short-term outlook for jobs. There is little to suggest that consumers foresee the economy gaining momentum in the final months of 2020, especially with COVID-19 cases on the rise and unemployment still high.”
Elsewhere on the Dashboard, the HBSDealer Stock Roundup reveals six of the 10 companies tracked entered negative territory for the month. In the growth quadrant of the grid, gainers are led by Deere, up more than 30% for the year, and up more than 3% for the month.
Coming soon: the Bureau of Labor Statistics will update the national unemployment rate on Nov. 6.