USG + U.S. Chamber of Commerce Commercial Construction Index - 2019 Q3

Tuesday, September 17, 2019 - 8:00am

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 Q3 REPORT


 
 
The Commercial Construction Index (CCI) rose three points in Q3 2019 to 77, a record high score.

 

Key Drivers of Contractor Confidence

Backlog

The ratio between the average actual (10.2 months) and stated ideal (12.5 months) backlog is 82, retaining the improvement seen in Q2 2019.

New Business

Contractors’ optimism continued to grow another two points since Q2 2019, demonstrating belief in a robust market for buildings.

Revenue

For the first time since Q1 2018, revenue has increased quarter-over-quarter, no doubt contributing to the overall confidence expressed in this quarter’s study.

 

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 Q3 Infographic


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