News From Omni Survey
Only 9% said sales for the past six months had stayed the same and 8% said they had declined.
The average sales increase reported was 13%, and the average decrease in sales was 7%.
In the next six months, 24% of respondents said sales will stay the same and 4% said sales will decrease.
While 67% of the surveyed members said their inventories had increased, only 27% expected inventories to increase in the next six months. Most (62%) said they expect inventories to stay the same. The average increase in inventory reported for the past six months was 11%.
New construction business increased an average of 9% for the past six months, according to survey participants, while commercial business was up an average of 10%.
For the next six months, 95% of respondents predict new construction will either stay the same or increase, vs. 5% who expect it will decrease. Slightly less than half (45%) project an increase in new construction.
Similarly, 98% of surveyed members project commercial business will stay the same or increase, vs. 2% who say it will decrease. More than half, 51%, expect commercial business to grow.