by Freedonia Industry Studies
November 29, 2021
The recent release of the October Retails Sales by the US Census Bureau showed that sales by retailers of building materials and garden equipment and supplies rose in October 2021 – a rebound after a decline in September. Compared to this time last year, retail sales in the category were up more than 13%.
A number of factors can explain this sales increase, key among them:
The November retail sales report – which includes Black Friday sales and the beginnings of Christmas shopping – will reveal whether or not building materials and garden equipment suppliers and retailers will be able to continue to post strong sales, or if concerns about inflation will cause shoppers to cut back on their holiday purchases in favor of basic household staples. TFG analysts will continue to monitor retail sales – as well as numerous other indicators – to gauge their effects on the US economy going forward.
For more information and discussion of opportunities, see The Freedonia Group’s extensive collection of off-the-shelf research, particularly in the Construction and Building Products. Freedonia Custom Research is also available for questions requiring tailored market intelligence.