Contractors’ Short-Term Outlook Improving Heading Into Spring
The Contractor Comfort Index (CCI) shows that contractors’ short-term outlook on growth is improving as they head into the spring months. The Air Conditioning Contractors of America (ACCA) began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For March 2013, the CCI is 65. The CCI also shows that contractors are feeling a slightly less confident than they were 12 months earlier when the CCI was 69.
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 April.
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