Q1 2019 USG + U.S. Chamber of Commerce Commercial Construction Index

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 72, a drop of three points from the Q4 index number.
  • Concerns about the impact of material cost fluctuations have eased somewhat since Q4, but contractors remain cautious, with steady concerns about worker shortages and a decline in their confidence in the market’s ability to provide new work in the next one to two years. 
  • This quarter’s spotlight is on the perception of a career in construction and the top ways contractors believe the industry can attract and retain new workers.

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