The outlook for the salon & spa industry remained positive in this year's third quarter, as the Professional Beauty Association's (PBA) Salon/Spa Performance Index (SSPI) rose for the second consecutive quarter.
How it works: The SSPI - a quarterly composite index that tracks the health of and outlook for the U.S. salon/spa industry - stood at 101.9 in the third quarter, up 0.1 percent from its second quarter level. The SSPI is constructed so that the health of the salon/spa industry is measured in relation to a steady state level of 100. Index values above 100 indicate that key industry indicators are in a period of expansion, while index values below 100 represent a period of contraction for key industry indicators.
"For the first time this year, salon/spa owners reported a net increase in service sales. However, they also reported that retail sales continue to be soft
," said Sam Leyvas, PBA's director of government affairs. "Long term we are seeing growing optimism on the part of salon/spa owners both in terms of service and retail sales in the months ahead.
Things are looking up!