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) rose two points in Q2 2019 to 74, returning to levels consistent with survey findings from 2017 and 2018.
Key Drivers of Contractor Confidence
Backlog
The ratio between the average current and ideal levels of backlog reached 82, the highest since the CCI launched in 2017. This means that contractors are closer to their ideal backlog of work than they have ever been at any point since 2017, when the survey began.
New Business
Confidence in new business returned to levels seen in 2018, revealing contractors’ expectations for a steady market for the next year.
Revenue
While most contractors expect revenue growth, this number continues to shrink, with a six-point drop year-over-year from 72 in Q2 2018.
