SCHAUMBURG, IL -- The American Hardware Manufacturers Association's AHMA Home Improvement Industry Confidence Index's Current Situation Index improved in January to 270.8 from 260.4 in December, while the Future Expectations Index also increased to 206.9 from 161.7.
In comparing current sales levels to year-ago levels, 65 percent of respondents said sales were higher in January versus year-ago levels, up from 62.5 percent in December. For January, 20 percent reported sales were even, and 15 percent said sales were below year-ago levels.
Looking forward six months, 60 percent of January respondents said they expect sales to be above current levels, up from 37 percent in December. In January, 40 percent of respondents said they expect sales to be even in six months and zero percent expect sales to be below current levels.
Looking forward one year, 60 percent of respondents project sales will be higher, up from 56 percent who felt that way in December. Thirty-five percent of January respondents project sales will be even one year from now and five percent project sales will be below current levels.
Timothy S. Farrell, President and Chief Executive Officer of the American Hardware Manufacturers Association (AHMA), said: "With the housing sector of our industry finally beginning to show signs of growth, most of our members are reporting year-over-year sales gains. Going forward, it is our hope that fiscal policy coming out of Washington will serve to keep the economy from slipping back into a recessionary environment."