Contractors Feeling More Confident Than Ever About Short-Term Growth
The Contractor Comfort Index (CCI) for May shows that contractors are feeling more confident about short-term growth than at any other point in time since ACCA started surveying its members in February 2010.
For May 2012, the CCI is 70. The CCI also shows that contractors are feeling more confident than they were 12 months earlier when the CCI was 66. This is the first time in three years that the survey has broke 70.
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 June.
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