SCHAUMBURG, IL -- The American Hardware Manufacturers Association's AHMA Home Improvement Industry Confidence Index's Current Situation Index fell in June to 304.2 from 312.5 in May, while the Future Expectations Index also fell to 203.4 from 229.3.
In comparing current sales levels to year-ago levels, 73 percent of respondents said sales were higher in June versus year-ago levels, down from 75 percent in May. For June, 15 percent reported sales were even, and 12 percent said sales were below year-ago levels.
Looking forward six months, 54 percent of June respondents said they expect sales to be above current levels, down from 62 percent in May. In June, 35 percent of respondents said they expect sales to be even in six months and 12 percent expect sales to be below current levels.
Looking forward one year, 64 percent of respondents project sales will be higher, down from 71 percent who felt that way in May. Twenty-four percent of June respondents project sales will be even one year from now and 12 percent project sales will be below current levels.
Timothy S. Farrell, President and Chief Executive Officer of the American Hardware Manufacturers Association (AHMA), said: "We continue to be encouraged by the relatively high percentage of our members who are experiencing sales growth on a year-over-year basis. To maintain this growth, however, we need to see dramatic improvements in the nation's employment situation and more robust activity in the housing sector of the home improvement industry."