The Contractor Comfort Index (CCI) for November shows that contractors are continuing to feel confident about short-term growth. ACCA began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For November 2012, the CCI is 59. The CCI also shows that contractors are feeling better than they were 12 months earlier when the CCI was 55.
The CCI is calculated based on a survey of the association's contractor members, who are asked how positive they feel about new business prospects, existing business activity, and expected staffing decisions in the short-term future. Weighted and averaged into one number, a CCI of 50 or above reflects anticipated growth.
The CCI is released prior to the start of each month; the next index number will be released during the third week of December.
The ACCA is a non-profit association serving more than 60,000 professionals and 4,000 businesses in the HVACR community, who work together to promote professional contracting, energy efficiency, and healthy, comfortable indoor environments for all Americans. For more information, visit www.acca.org.