June 1, 2015
The May Contractor Comfort Index (CCI) shows that contractors’ positive outlook on short-term growth is continuing as the weather heats up. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For May 2015, the CCI is 83. The CCI also shows that contractors are feeling slightly more cautious than they were 12 months earlier when the CCI was 86.
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.