Contractors’ Confidence Remains At All Time High
The June Contractor Comfort Index (CCI) shows that contractors’ optimism about short-term growth remains at an all-time high. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For June 2013, the CCI is 77. This is the third consecutive month that the CCI has been over 70. The CCI also shows that contractors are feeling better than they were 12 months earlier when the CCI was 68.
The CCI is calculated based on a survey of the association’s contractor members, who are asked how positive they feel about new business prospects, existing business activity, and expected staffing decisions in the short-term future. Weighted and averaged into one number, a CCI of 50 or above reflects anticipated growth.
The CCI is released prior to the start of each month; the next index number will be released during the last week of July.
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