The North American Association of Floor Covering Distributors (NAFCD) has released the Q2 Quarterly Executive Trends Index, a robust benchmarking and forecasting tool for members, according to the association.
This report is compiled in partnership by The Cleveland Research Group, a research firm, and the North American Building Materials Distribution Association (NBMDA). Results are based on member data, which provides valuable insight on industry trends and forecasts.
The results of the Q2 distributor survey show that 2014 looks to be on pace for another year of sales and profit recovery for both building materials and floor covering distributors, even though not likely to the same level of progress in 2013. According to the manufacturer index, the respondents are gaining increased confidence in underlying demand trends with more than 50% of manufacturers adding headcount in the near-term and nearly 80% expected to add distributors over the next 12 months. Manufacturers experienced stronger sales growth in April, May and June relative to the weather impact in Q1.
The report is available at no cost for NAFCD members.
For more information, visit nafcd.org.