June 05, 2018
The USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) is a quarterly economic index designed to gauge the outlook for, and resulting confidence in, the commercial construction industry.
Recognizing a need to highlight the important contributions of this sector to the nation’s economy, USG Corporation and the U.S. Chamber partnered to produce this first-of-its-kind index.
Each quarter, contractors across the country are surveyed in order to better understand their levels of confidence in the industry and top-of-mind concerns.
Contractors in the U.S. commercial construction industry remain optimistic in Q2 2018 about the current state and forward-looking health of the sector. The drivers used to calculate the USG+U.S. Chamber of Commerce Commercial Construction Index (CCI)—backlog levels, new business outlook and revenue expectations—are either the same or within one point of results reported in Q1 2018 and are consistent with the optimism throughout 2017.
The final result is a Commercial Construction Index Score of 73.
Key Drivers of Contractor Confidence
The ratio between actual (9.3 months) and stated ideal (12.7 months) backlog is 73. While steady quarter-over-quarter, it is lower than one year ago (81).
Contractors have high confidence in the market’s ability to provide new business opportunities in the next 12 months, within one point of last quarter’s strong findings.
Most contractors believe they will see revenue growth in the next 12 months, consistent with Q1 2018.