Report: Contractor confidence on the rise in U.S.
Contractors expect to increase staff and enjoy higher sales
March 10, 2020 by Rob Blackstien
While the world remains affixed on the effects of Covid-19, there’s at least some good news for the industry.
According to the Associated Builders and Contractors Construction Confidence Index (CCI), confidence increased among the U.S. construction industry in January.
Of course, these statistics were gathered before the pandemic gripped the planet, so we suppose they should be taken with a grain of salt.
Still, almost 72 per cent of contractors were expecting to increase their staff over the next six months, and over 68 per cent are anticipated higher sales.
The CCI for profit margins rose from 60 to 61.9 (readings in the CCI above 50 indicate growth, while readings below 50 are unfavorable).