Cci q4 2019 report final
December 12, 2019
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.
The Commercial Construction Index (CCI) dropped six points in Q4 2019 to 71, marking the lowest score since its inception.
Key Drivers of Contractor Confidence
After a series of very positive quarters in 2019, the ratio of average current (9.3 months) to ideal (12.3 months) backlog dropped from 82 to 76 this quarter.
Contractors’ confidence in the ability of the market to provide new business opportunities in the next 12 months dropped notably from Q3 2019, when it was 76.
Revenue numbers declined after a spike in Q3 2019 to 72. However, a majority of contractors still expect to see revenue increases.