Posted on Tuesday, August 21, 2012 11:42 AM By Donna Puglisi
WASHINGTON, D.C. – Associated Builders and Contractors (ABC) today released its newest construction economic measure, the Construction Confidence Index (CCI). The CCI reflects three aspects of the U.S. nonresidential construction industry – sales prospects, staffing levels, and profit margins. During the second quarter of 2012, all three indices declined, undoing much of the first quarter’s progress and indicating that nonresidential construction momentum is waning. However, index values remain above 50, indicating ongoing expectations of construction spending growth.
- Sales expectations fell from 68.3 to 62.3
- Profit margins fell from 57.9 to 53.5
- Staffing levels fell from 64.3 to 59.8