USG + U.S. Chamber of Commerce Commercial Construction Index - 2019 Q1

Thursday, March 14, 2019 - 9:00am

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.

READ THE FULL Q1 REPORT

 

The Commercial Construction Index (CCI) fell three points to the lowest level since the survey began in 2017. Conducted in the midst of the longest federal government shutdown in U.S. history, the survey may reflect increasing caution about a number of factors—the state of the economy, rising interest rates, concerns over material costs—or even the shutdown itself.

The final result is a Commercial Construction Index Score of 72.

 

Key Drivers of Contractor Confidence

Backlog

The ratio between the average actual (9.7 months) and stated ideal (12.5 months) backlog is still strong at 77, even with the three-point drop from Q4 2018.

New Business

Contractors are more cautious about the market’s ability to provide new business opportunities in the next 12 months than at any time in the last two years.

Revenue

Most contractors believe they will see revenue growth in the next 12 months, but the percentage is lower than in any quarter in 2018.

 

Resources

SEE THE DETAILED REPORT

CONTACT US

 

Each quarterly Index published is available on the USG Corporation website at www.usg.com/commercialconstructionindex .

 

The CCI 2019 Q1 Infographic


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