A slight improvement in confidence boosted the current conditions index from a reading of 65.4 last month to 70 points in June. The share of panelists reporting better conditions increased, as did those indicating unchanged conditions. Concurrently, the number of respondents indicating worse conditions than in the prior month dropped to zero. Although one comment, regarding projects that were previously on hold and are now proceeding, was quite positive, most reflected a bit of ambivalence, especially regarding the effects of supply chain challenges and inflationary pressures.

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