ARLINGTON, Va. — ACCA released its November Contractor Comfort Index (CCI) showing that contractors are feeling positive about short-term growth as autumn ends.
For November 2014, the CCI was 74. The CCI also shows that contractors are feeling better than they were 12 months earlier when the CCI was 64.
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.
ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010. The CCI is released prior to the start of each month; the next index number will be released during the last week of December.
Publication date: 12/22/2014