The Contractor Comfort Index (CCI) for July shows that contractors are remaining positive about short-term growth during summer 2012. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For July, the CCI is 64. The CCI also shows that contractors are feeling about the same in terms of growth as they were 12 months earlier when the CCI was 63.
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 August.