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.
![CCI 2019 Q3 - Graphic Guage indicating the overall score for the index is at 77, a 3 point increase from the previous quarter](https://uschamber.imgix.net/https%3A%2F%2Fs3.amazonaws.com%2Fuschamber.com-assets%2Fassets%2Fimages%2Fgeneric-missing_2020-12-10-141105.gif?auto=compress%2Cformat&fit=clip&fm=png&q=80&w=100&s=a743429f492a78d487b4ffda52613be7)
The Commercial Construction Index (CCI) rose three points in Q3 2019 to 77, a record high score.
Key Drivers of Contractor Confidence
Backlog
![CCI 2019 Q3 - Backlog Infographic indicates revenue same (82) as the previous quarter](https://uschamber.imgix.net/https%3A%2F%2Fs3.amazonaws.com%2Fuschamber.com-assets%2Fassets%2Fimages%2Fgeneric-missing_2020-12-10-141105.gif?auto=compress%2Cformat&fit=clip&fm=png&q=80&w=100&s=a743429f492a78d487b4ffda52613be7)
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
![CCI 2018 Q3 - New Business graphic indicating "76" which is 2 points higher than the previous index.](https://uschamber.imgix.net/https%3A%2F%2Fs3.amazonaws.com%2Fuschamber.com-assets%2Fassets%2Fimages%2Fgeneric-missing_2020-12-10-141105.gif?auto=compress%2Cformat&fit=clip&fm=png&q=80&w=100&s=a743429f492a78d487b4ffda52613be7)
Contractors’ optimism continued to grow another two points since Q2 2019, demonstrating belief in a robust market for buildings.
Revenue
![CCI 2018 Q3 - Graphic Revenue up six points from previous quarter to 72.](https://uschamber.imgix.net/https%3A%2F%2Fs3.amazonaws.com%2Fuschamber.com-assets%2Fassets%2Fimages%2Fgeneric-missing_2020-12-10-141105.gif?auto=compress%2Cformat&fit=clip&fm=png&q=80&w=100&s=a743429f492a78d487b4ffda52613be7)
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.