Industry News

A sharp falloff in the share of respondents reporting “worse” conditions helped propel the current conditions component to 62.5 points in January, up from the previous month’s 56.3. Having expanded for four consecutive months, the current conditions reading stands at its highest point since February 2023. Although the quantitative score was firmly in expansionary territory, and accelerating, panel member comments were lukewarm, largely reflecting stability rather than strong growth. Alluding to the mixed, but generally improving business environment, one respondent noted that, “the residential market is the only concern at this point…”

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