CONFINDEX™ Quarterly Reading
The current year will go down as yet another during which CFO confidence steadily slipped over the course of the spring and summer after beginning the year at a high level. According to the Q3:2013 CONFINDEX Survey, there was no significant improvement along any dimension of performance in the U.S. construction industry. Margins failed to thicken, business conditions modestly deteriorated, financial conditions flattened, and the outlook dimmed just a bit.
Click here for the September 2013 CONFINDEX™ report.
Click here for the September 2013 Summary (.PDF)
What Is CONFINDEX™
CONFINDEX is CFMA's proprietary confidence index survey of CFOs in the commercial construction sector. It is the only confidence index survey asking the level of confidence from important decision makers in a critical industry of the US economy.
For some industry analysts and financial analysts, CONFINDEX is a leading economic indicator of the health of commercial construction in the US.
CONFINDEX is compiled from four sub-indices measuring critical components of the financial health of a commercial construction company:
Current Year Outlook
CONFINDEX Survey Panel Composition
300 randomly selected CFMA General Members with the title of CFO in commercial construction companies
What the CONFINDEX Number Indicates
- Built using a “net confidence scoring” approach
- Measures degree to which there is a more positive or negative outlook among survey panel members
- Neutral point is set at 100
- Less than a 100 reading indicates pessimism among the survey participants, while a reading more than 100 indicates optimism among the survey participants