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 overall Commercial Construction Index (CCI) number remains stable quarter-over-quarter, reflecting a robust commercial construction market. However, ongoing concerns about labor shortages and increasing anxiety about materials costs led to greater caution about the ability of the industry to sustain current levels of activity beyond 2019.
The final result is a Commercial Construction Index Score of 75.
Key Drivers of Contractor Confidence
Backlog
The ratio between actual (10.0 months) and stated ideal (12.6 months) backlog remains close, sustaining most of the eight-point boost experienced last quarter.
New Business
Contractors express increased confidence in the market’s ability to provide new business opportunities in the next 12 months, up two points from last quarter.
Revenue
Most contractors believe they will see revenue growth in the next 12 months, despite a small decline in revenue expectations since early 2018.
