Q3 2020 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 Q3 CCI is 57, with little change from the overall number in Q2, revealing the impact of the measures to contain COVID-19 are still impacting the industry.
  • Backlog has slipped slightly, but confidence in the construction market and revenue expectations have nudged upwards.
  • 85% of commercial contractors report that they are experiencing delays on some projects due to the corona virus, and most (71%) expect delays to continue into early next year.