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 Q2 CCI is 56, a major drop of 18 points from Q1
- Confidence in the market and revenue expectations have fallen 26 points from the previous quarter
- Concerns over the availability of skilled workers remain high, despite contractor concerns about having less work due to the economic impact of the pandemic
- The data overall reflects the initial impact of the COVID-19 crisis on the construction industry and features a deeper dive on contractor responses to the pandemic