2018 Building Supply Index shows dwindling contractor confidence in economy
Index reveals more uncertainty with first year-over-year decline since 2016
BlueTarp Financial, a leading credit management company for B2B suppliers, released its Q4 2018 Building Supply Index. The Q4 2018 seasonally unadjusted average declined from 131.39 in 2017 to 130.73 the first year-over-year slowdown since Q2 2016.
The decline was driven by a drop in consumer confidence that peaked at 137.9 in October, the highest in nearly two decades, but saw a dip to 128.1 in December.