In comparing current sales levels to year-ago levels, 11% of respondents said sales were higher in September versus year-ago levels, compared with 22% in August. For September, 17% reported sales were even, and 72% said sales were below year-ago levels, up from 68% in August.
Looking forward six months, 44% of September respondents said they expect sales to be above current levels, up from 31% in August. In September, 39% of respondents said they expect sales to be even in six months and 17% expect sales to be below current levels.
Looking forward one year, 67% of respondents project sales will be higher, down from 68% who felt that way in August. Thirty percent of September respondents project sales will be even one year from now and just 4% project sales will be below current levels.
More details about the Home Improvement Industry Confidence Index can be found here.
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