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A Strong U.S. Consumer Backs Mild, Consistent Growth

from ASA Advisor©

Sales for ASA members were below the forecast range in June, according to the latest installment of the ASA Advisor© from ITR Economics™, which now includes a revision of its industry forecast. Sales in the 12 months through July rose 3.0 percent above the year-ago level. Expect sales to finish the year 5.7 percent above the 2015 level. Sales will reach record levels into 2019. The growth rate will be mild but relatively consistent. Growth in the U.S. economy will be backed by a strong consumer as employment and disposable personal income rise. ASA’s PHCP members should look for opportunities in home improvement construction and new home construction. Construction related to retail and restaurants will also provide some opportunities for sales in 2017. Log in to MY ASA to access the latest report. more

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