CONFINDEX™ Quarterly Reading
Viewed from a macroeconomic perspective, this should represent a time of expanding confidence among construction industry chief financial officers. Economic growth has recently accelerated, job growth remains robust, the nation’s official rate of unemployment is at a 17-year low, consumer confidence is at a 17-year high, and the nation approaches the onset of the tenth year of an economic expansion that has already added 17 million jobs on net since the end of the downturn. On top of that, construction backlog remains lofty, asset prices are rising, including commercial real estate values in many segments and in much of the nation, and interest rates remain stubbornly low.
Click here for the December 2017 CONFINDEX™ report.
Click here for the December 2017 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