July 1, 2010: Contractor Economic Indicator Remains Stable for June
July 1, 2010
ARLINGTON, Va. - The Air Conditioning Contractors of America (ACCA) announced that its Contractor Comfort Index (CCI) for June 2010 remained stable. The CCI is a measure of contractor attitudes toward short-term economic growth.
The June index was 69, up just one point over 68 in May. Since the CCI was first calculated in February 2010, ACCA noted that the index has gone up 25 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; the next index number will be released during the last week of July.
Publication date: 06/28/2010