Contractors Feeling Good About Short-Term Growth Heading Into The Last Two Months Of 2013
The October Contractor Comfort Index (CCI) shows that contractors’ outlook on short-term growth is continuing to be positive heading into November. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For October 2013, the CCI is 68. The CCI also shows that contractors are still feeling better than they were 12 months earlier when the CCI was 60.
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 November.
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