ACCA Anticipates Growth
In December 2012, the CCI registered at 52. The rating shows that contractors are feeling about the same as they were 12 months earlier when the CCI was 53.
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 January.
December’s CCI shows that contractors are feeling short-term growth slowing at the end of 2012. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
Publication date: 1/14/2013