The Blue Book Building & Construction Network® Announces Launch of New Industry Velocity Index
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Summary:
The Blue Book Network
® has introduced a new construction index to track the direction and velocity of bidding activity in the commercial construction industry s largest and most active network. 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.
Manufacturing and Industrial categories showed largest downturn at -24.1% and -9.6% respectively; Commercial reported modest increase of 5.1% to 83.6; Lodging, buoyed by New York, rose to 42.3 after low of 38.0 in October.