CONFINDEX™ Quarterly Reading
Construction CFO confidence declined across the board during 2018’s fourth quarter. The overall CONFINDEX reading slipped to 114, the lowest reading since December of 2012 when CONFINDEX also stood at 114. In percentage terms, the overall CONFINDEX reading fell 7.3 percent on a quarterly basis and is down 8.1 percent on a year-ago basis.
Click here for the December 2018 CONFINDEX™ report.
Click here for the December 2018 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:
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