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10/01/2021

Quikrete Industry Dashboard: Confidence update

The Consumer Confidence Index declined for the third straight month.
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The latest Quikrete Industry Dashboard tells a story of declining Consumer Confidence, mixed with a modest growth story in residential construction.

The Conference Board's Consumer Confidence Index, released Tuesday, stands at 109.3 (1985=100), down from an upwardly revised 115.2 in August. 

"Consumer confidence dropped in September as the spread of the Delta variant continued to dampen optimism,” said Lynn Franco, senior director of economic indicators at The Conference Board. “Concerns about the state of the economy and short-term growth prospects deepened, while spending intentions for homes, autos, and major appliances all retreated again."

Total housing starts for August were at a seasonally adjusted annual rate of 1.615 million, up for the month and the year. But single-family starts and existing-home sales declined compared to July.

Elsewhere on the Dashboard, Wall Street's September funk affected the Stock Roundup. But six ticker symbols remain in the top-right growth quadrant with gains for the year and the month. 

Next up: The Bureau of Labor Statistics will release the national unemployment rate for September on Oct. 8. 

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