Pinnacle Finance Blog

December 11, 2017

Economic Update – Labor Market is Bouncing Back from Hurricanes

Currently there are many positive indicators regarding economic activity that should bode well for the home improvement industry heading into 2018. Let’s take a look… Consumer Confidence Survey at 17-year High The Conference Board’s Consumer Confidence Index for November was at 129.5 which is the fifth consecutive monthly increase and is at a 17-year high. A part of that data indicated that consumer’s optimism about the short term outlook and the job market both improved in November compared to October. The University of Michigan also releases a Consumer Sentiment Survey which showed a decline in November to 98.5 from October’s reading […]