HVAC Breaking News

May 27, 2010: Contractor Outlook Index Inches Up Slightly for May

ARLINGTON, Va. - The Air Conditioning Contractors of America (ACCA) announced that its Contractor Comfort Index (CCI) for May 2010 inched up slightly over the prior month. The CCI is a measure of contractor attitudes toward short-term economic growth. The May index was 68, up three points over 65 in April.

“The CCI tool was introduced in February, so we always keep in mind its ‘newness’ as it builds a picture over time,” said Kevin Holland, ACCA vice president for business operations and membership. “However, as a snapshot of current attitudes, it is clear that ACCA members are putting the ‘cautious’ in ‘cautiously optimistic.’”

He added, “It will be very interesting to see how the index moves throughout the peak cooling season.”

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 will be released during the last week of June.

Publication date: 05/24/2010

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.

Podcasts

NEWSMakers: Mark Crockett
Mark Crockett vice president, Crockett Facilities Services, explains the importance of technician training, the value of being a top minority-owned company in the U.S., current projects the company is managing, and much more. Posted on April 24.
More Podcasts

ACHRNEWS

NEWS 04-27-15 cover

2015 April 27

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con