Industry News

Blue Book Now Offering Velocity Index

The Blue Book Network has launched The Blue Book Network Velocity Index, a new leading economic indicator for the construction industry. The Velocity Index measures the direction and magnitude of month-to-month changes in bidding activity in The Blue Book Network, accounting for seasonality.

 The Blue Book Network has launched The Blue Book Network Velocity Index, a new leading economic indicator for the construction industry. The Velocity Index measures the direction and magnitude of month-to-month changes in bidding activity in The Blue Book Network, accounting for seasonality.

The Index provides distributors, manufacturers and contractors with a vital leading indicator of construction spending to inform their critical business decisions.

The Velocity Index for November continued to reflect the October decline, dropping to 100.8, a 4.8% decrease (December 2018 = 100).  The rate of decrease for the Index slowed considerably compared to the revised 13.9% drop seen in October, likely still reflecting concern over increases in COVID-19 rates. The Index remains strong, 19% higher than April’s revised low of 84.7.

 

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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