Contractors Feeling Confident About Short-Term Growth In Last Month Of 2013
The December Contractor Comfort Index (CCI) shows that contractors are closing out 2013 with a positive outlook on short-term growth. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For December 2013, the CCI is 67. The CCI also shows that contractors are feeling a lot better about short-term growth than they were 12 months earlier when the CCI was 52. This more optimistic outlook was true for most of 2013 with the exception of February and April when contractors were feeling about the same as they were in 2012, and March when they were feeling less optimistic.
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 January.
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