November 1, 2016
The October Contractor Comfort Index (CCI) shows that contractors positive outlook about short-term growth is slowing now that autumn has begun. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For October 2016, the CCI is 72. The CCI also shows that contractors are feeling less positive than they were 12 months earlier when the CCI was 80.
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.