May 31, 2016
The May Contractor Comfort Index (CCI) shows that contractors' confidence in short-term growth is remaining high as summer is about to begin. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For May 2016, the CCI is 80. The CCI also shows that contractors are feeling slightly less optimistic about short-term growth than they were 12 months earlier when the CCI was 83.
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 June