Q4 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 Q4 CCI is 71, a decrease of 6 points from the previous quarter.
For the most part, the drop in Q4 was an adjustment back to previous levels for backlog, revenue and confidence about new business from the very positive numbers from Q3.
This quarter features two short spotlight topics: one on advanced technology and one on recruiting more women to the construction workforce.