The Contractor Comfort Index (CCI) shows that contractors, while still cautious, are becoming more confident in their outlook for short-term growth. For February 2011, the CCI is 60. The CCI also shows that contractors are feeling more confident than they were 12 months earlier, when the CCI was 55.
The Air Conditioning Contractors of America (ACCA) began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
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.
CCI Shows Outlook Is Up
March 21, 2011