Wells Fargo predicts a solid year ahead for construction industry
Report and it's title, A Year of Continued Optimism, paints a positive picture.
For its 43rd annual Wells Fargo Construction Industry Forecast, Wells Fargo reports that industry executives from 48 states responded to our in-depth survey seeking their opinions about the construction industry in 2019.
The primary goal of the survey is to determine the 2019 U.S. National Optimism Quotient (OQ), which is a key indicator of whether or not local, nonresidential construction is expected to increase or decrease in the year ahead.
In addition to determining the OQ, the survey posed questions about equipment sales and purchase expectations, trends in the rental market, and explored major concerns and challenges that industry participants identify as relevant to their businesses.
With the OQ at 122 and in strongly optimistic territory, 2019 marks the eighth consecutive year that participants in the construction industry have felt that industry expansion is more likely than contraction.
Click here to download the full report.
Source: www.wellsfargo.com
CONTRACTOR SUPPLY MAGAZINE
The October/November 2024 of Contractor Supply magazine is here!
Our cover story, A Rewarding Passion - Dale Hahs II, third-generation of Denver's AIS Industrial & Construction Supply, is STAFDA's incoming 2025 president.
A Special STAFDA section featuring a welcome address, an agenda, session previewss by presenters and much more. Also in this issue are our Industry Updates on: Lifting, Moving and Material Handling; Lasers, Levels and Measurement; Hand Tools; Cordless Power Tools; Drill Bits and Cutting Tools; and Toolboxes, Bags and Belts.
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