AMERICAN HARDWARE MANUFACTURERS ASSOCIATION
Terrence V. Gallagher
Manager of Communications
801 North Plaza Drive
Schaumburg, Illinois 60173
P.R. # AHMA14-13
FOR IMMEDIATE RELEASE
AHMA Confidence Index Improved in October
Manufacturers also express their opinion on the midterm elections and healthcare costs.
Schaumburg, Illinois, November 5, 2014 — The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index improved in October to 345.8 from 324.1 in September (September 2008 = 100), while the Future Expectations Index also improved to 239.7 from 229.8 in September.
In comparing current sales levels to year-ago levels, 83 percent of respondents said sales were higher in October versus year-ago levels, up from 78 percent in September. For October, zero percent reported sales were even, and 17 percent said sales were below year-ago levels.
Looking forward six months, 61 percent of October respondents said they expect sales to be above current levels, even with 61 percent in September. In October, 33 percent of respondents said they expect sales to be even in six months and six percent expect sales to be below current levels.
Looking forward one year, 78 percent of respondents project sales will be higher, up from 72 percent who felt that way in September. Seventeen percent of October respondents project sales will be even one year from now and six 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 overall U.S. economy showing signs of sustained growth, our members are reporting steady sales growth and an upbeat outlook on the future. Barring any unforeseen disruptions to the current positive path of macroeconomic indicators, we would expect a continuation of this trend heading into 2015.”
“Hot Topic” Questions
The October Confidence Index survey asked two supplemental questions of AHMA members:
“Will the outcome of the midterm elections have an effect on your business?” and “How important is it to your business that rising healthcare costs be brought under control?”
To the first question, on the elections, 44 percent responded “Yes,” 28 percent responded “Not Sure,” and 28 percent responded “No.”
On healthcare costs, 94 percent responded “Very important,” six percent responded “Somewhat important,” and zero percent responded “Not important.”
About the AHMA Home Improvement Industry Confidence Index
The AHMA Home Improvement Industry Confidence Index is a monthly indicator of the economic health and “mood” of the industry based on a survey of AHMA members.
The data collected from the survey produces two Indexes indicating: 1) Current Situation and 2) Future Expectations. Both Indexes use survey data from October 2008 as the base reference point so that October 2008 = 100.
The AHMA Home Improvement Industry Confidence Index results are released on the first Wednesday of every month.
Results of the Index survey are viewable online here: http://www.ahma.org/ConfidenceIndex/CurrentResults
About the American Hardware Manufacturers Association (AHMA)
AHMA is a globally focused trade association of manufacturers, or providers, of hardware, home improvement, lawn and garden, paint and decorating, building and construction and related products, as well as manufacturers’ representative’s agencies and trade publications.
AHMA offers many valuable member and industry programs, services and activities, including the AHMA Hardlines Technology Forum, AHMA / USA International Pavilions, AHMA Advantage GPO, the AHMA eAGLE, The Hard Fax: Home Improvement Industry News, The Hard Fax International: Home Improvement Industry News from Around the World, the Home Improvement Industry Confidence Index, the AHMA Home Improvement Industry Dashboard, AHMA Home Improvement Industry Stocks, the AHMA Home Improvement Industry Calendar, the AHMA Home Improvement Industry Network on LinkedIn, AHMA News on Twitter, Government Relations Programs, Member Benefit Vendor Programs, the AHMA Hardware Industry Relief Effort (HIRE) and the AHMA / Habitat for Humanity Partnership.
For more information about AHMA, please visit www.ahma.org.