The latest version of the Quikrete Industry Dashboard reveals upticks in residential construction, slight improvement of existing home sales, steadily rising gas prices and continued big annual gains on Wall Street.
The latest monthly change was on the Consumer Confidence dial. The latest reading of 129.1 (1985=100) is the highest level since February 2020.
“Consumer spending should continue to support robust economic growth in the second half of 2021,” said Lynn Franco, senior director of economic indicators at The Conference Board.
Gas prices – a gallon of regular – rose to $3.17, up from $3.12 in the prior month and up from $2.19 a year ago, according to the American Automobile Association’s analysis.
Coming next: The national unemployment rate will be revealed Friday, Aug. 6, with the release of the employment situation report from the Department of Labor.