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.
- 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
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