Quikrete Industry Dashboard: Confidence brightens

The latest update of the Quikrete Industry Dashboard, HBSDealer’s weekly snapshot of major market metrics, shows the Consumer Confidence Index increased in June to 109.7, up from 102.5 in May.

“Consumer confidence improved in June to its highest level since January 2022, reflecting improved current conditions and a pop in expectations,” said Dana Peterson, chief economist at The Conference Board.

“Assessments of the present situation rose in June on sunnier views of both business and employment conditions. Indeed, the spread between consumers saying jobs are ‘plentiful’ versus ‘not so plentiful’ widened, indicating upbeat feelings about a labor market that continues to outperform,” said Peterson.

“Likewise, expectations for the next six months improved materially,” she added, “reflecting greater confidence about future business conditions and job availability.”

In stock gains, Beacon Roofing continued its strong run moving to $83.33 showing a gain of 25% from the month of May.

Stanley Black and Decker hit $94.61, up 23% from the $76.68 of last month.

In the Consumer Watch segment, the average price per gallon of regular gas declined to $3.55 compared to $3.58 last month, said the American Automobile Association.