Saturday, January 3, 2015

American Hardware Manufacturers Association Press Release: Home Hardware Sales Continue to Grow

American Hardware Manufacturers Association (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. The association, headquartered in Schaumburg, Illinois, posted a press release in November 2014 that reported the AHMA Home Improvement Industry Confidence Index, which is a monthly indicator of the economic health and mood of the home hardware manufacturing and distribution industry based on a survey of AHMA members.

The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s improved in October to 345.8, and the Future Expectations Index improved to 239.7.

Eighty-three percent of respondents said sales were higher in October versus year-ago levels, up from 78 percent in September. Seventeen percent said sales were below year-ago levels. 61 percent of October respondents said they expect sales to be above current levels.  Thirty-33 percent of respondents said they expect sales to be even in six months and six percent expect sales to be below current levels.

Question: Will the outcome of the midterm elections have an effect on your business?

44 percent responded “Yes,” 28 percent responded “Not Sure,” and 28 percent responded “No.”

Question: How important is it to your business that rising healthcare costs be brought under control?

94 percent responded “Very important,” 6 percent responded “Somewhat important,” and zero percent responded “Not important.”
                                                                                                                      
The data collected from the survey produces two indexes indicating current situation and future expectations. Both indexes use survey data from October 2008 as the base reference point.

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

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