The Commercial Construction Index (CCI) is a quarterly economic indicator designed to gauge what drives the commercial construction industry and its leaders, based on research conducted with contractors. Topics covered include the three factors from which the Index is derived—backlog levels, new business opportunities and revenue forecasts—and additional market drivers such as workforce, financing, and materials and equipment trends. The Index also features a quarterly spotlight on revolving construction industry topics
- The Q1 CCI is 62, continuing its slow recovery from the initial days on the pandemic, but still well below the 2019 average.
- Revenue expectations improved notably this quarter.
- Currently, contractors report an average of 23% of their projects are delayed due to COVID-19