JEFFERSON VALLEY, N.Y., Jan. 12, 2021 — (PRNewswire) —
Summary: The Blue Book Network® Velocity Index reversed October and November declines with a 13% jump to 113.3 reflecting optimism for the construction industry. The Blue Book Network Velocity Index provides manufacturers, distributors, general contractors and subcontractors with a critical leading indicator of construction spending to inform key business decisions.
The Blue Book Network Velocity Index climbed 13.1% in December to 113.3 (December 2018 = 100). The increase reverses a 2-month decline, recovering from a revised 100.2 in November. The Blue Book Network Velocity Index is a measure of month-to-month changes in bidding activity in The Blue Book Network, accounting for seasonality, providing a leading indicator of construction spending to inform critical decision making. Manufacturing and Institutional drove the recovery, with increases from November of 30.1% and 19.8% respectively.
- Manufacturing and Institutional indices rebounded to 108.7 and 129.4 respectively
- Commercial reported modest decline, down 2.1% to 81.6
- Lodging continued to decline, posting an index low of 32.1
- Pockets of strong growth across most of the country with 20 states climbing more than 25%
- 80% of states show increases from November to December
Click here to learn how The Blue Book Network Velocity Index is created and how to include it in your company's strategic decision making.
For additional information, please contact: Brian Tonry, Vice President of Network Intelligence and Analytics at (800) 431-2584 ext. 3632 / Email Contact
About The Blue Book Building & Construction Network:
The Blue Book Building & Construction Network / www.thebluebook.com is an employee-owned company and the largest, most active network in the U.S. commercial construction industry. Today, The Blue Book Network defines and delivers the industry through three unparalleled databases of: companies, projects and people. By integrating and understanding the relationships shared by these groups, The Blue Book Network provides an indispensable resource to connect with the industry every day.
View original content to download multimedia: http://www.prnewswire.com/news-releases/the-blue-book-network-velocity-index-posts-13-increase-in-december-301205736.html
SOURCE The Blue Book Building and Construction Network
|Company Name: The Blue Book Building and Construction Network