ACCA Reports Improved Contractor Outlook
December 27, 2010
ARLINGTON, Va. - The Air Conditioning Contractors of America (ACCA) began measuring contractor attitudes toward short-term economic growth with the Contractor Comfort Index (CCI) in February 2010. According to ACCA, November 2010 marked the second consecutive month that the CCI increased, gaining three points.
For November, the CCI is 65, up from 62 in October. The index continues to show that contractors anticipate short-term growth. In its first 10 months, the CCI has increased 18 percent.
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. For more information, visit www.acca.org.
Publication date: 12/27/2010