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.
![Gauge indicating an overall score of 71](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) dropped six points in Q4 2019 to 71, marking the lowest score since its inception.
Key Drivers of Contractor Confidence
Backlog
![CCI 2019 Q4 - Backlog Graphic Indicating "76"](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)
After a series of very positive quarters in 2019, the ratio of average current (9.3 months) to ideal (12.3 months) backlog dropped from 82 to 76 this quarter.
New Business
![CCI 2019 Q4 - New Business Graphic Indicating "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)
Contractors’ confidence in the ability of the market to provide new business opportunities in the next 12 months dropped notably from Q3 2019, when it was 76.
Revenue
![CCI 2019 Q4 - Backlog Graphic Indicating "66"](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)
Revenue numbers declined after a spike in Q3 2019 to 72. However, a majority of contractors still expect to see revenue increases.