Consumer Confidence Slipping?
- WAH Consulting
- Jun 5, 2019
- 1 min read
BlueTarp Building Supply Index Experiences Greatest YOY Decline Since 2016
The decline in the index is largely driven by a decline in consumer confidence.
BlueTarp Financial’s Building Supply Index experienced the most significant year-over-year (YOY) decline since the second quarter of 2016. The index also reported a YOY decline in the fourth quarter of 2018.
The decline in the index is driven by a drop in consumer confidence, according to the Portland, Maine-based credit management company. Consumer confidence, reported by The Conference Board, peaked at 137.9 in October 2018, before dipping to 124.2 in March 2019, the lowest reading in over a year.
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