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Construction Confidence Index Rises; Sales, Profit, Labor Growth Projections Up
Associated Builders and Contractors / March 18, 2014
Gains in the Associated Builders and Contractors’ (ABC) Construction Confidence Index (CCI) indicate that contractor confidence expanded as 2013 wound to a close, particularly with respect to near-term industry profit margins and staffing levels. The CCI measures construction prospects along three dimensions – revenues, profit margins and hiring. All three indices remained above the threshold value of 50, which indicates growth, and each is up on a year-over-year basis.
During last year’s second half:
- Sales expectations rose from 63 to 63.2
- Profit margin expectations surged from 55.3 to 57.5
- Staffing level intentions grew from 60 to 62.2