ACCA contractor confidence on the rise
The ACCA Contractor Comfort Index
increased five points in October after declining for the three previous months.
The Air Conditioning Contractors of America began measuring contractor
attitudes toward short-term economic growth with the CCI in February of this
year.
For October, the CCI is 62, up from 57 in September. The index continues to show that contractors anticipate short-term growth. In its first nine months, the CCI has increased 13 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 November.
For October, the CCI is 62, up from 57 in September. The index continues to show that contractors anticipate short-term growth. In its first nine months, the CCI has increased 13 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 November.
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