Tuesday, March 31, 2020 - 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.
The Commercial Construction Index (CCI) rebounded in Q1 2020 to 74, up three points from an all-time low of 71 last quarter.
Key Drivers of Contractor Confidence
Backlog The ratio of current/optimal backlog remained constant at 76, the same as the previous quarter. The average optimal backlog was 12.7 months, up 4% from Q4 2019, but the actual backlog was also up 4% keeping the ratio stable. | Revenue The measure of expectation for revenue in the next 12 months increased to 70 in Q1, up from 66 in Q4 2019. | Confidence The confidence in the market’s ability to provide new business opportunities rose to 76 in Q1, up from 72 in Q4 2019. |
Resources
Each quarterly Index published is available on the USG Corporation website at www.usg.com/commercialconstructionindex.
