June 2010 CONFINDEX Reading

by Anirban Basu
  • This is the second reading above 100 and shows a firming autious conviction of optimism about the 
    industry now and for the near future.
  • Noteworthy in this second quarter 2010 reading:
  • Over all CONFINDEX number is up 7% from March 2010 and has improved  37% from th low of 79 in December 2008.
  • Three of 4 sub indices that flow into the CONFINDEX number are over the 100 threshold with the fourth number representing its best reading since December 2008.
  • Availability of bonding credit held steady in June 2010 with a reading of a slightly optimistic 102 versus a 105 reading in March 2010.
  • The year ahead Confidence Sub Index jumped 13% from 114 to 129.

          * Any index >100 reflects more positive responses than negatives, while any index<100 reflects more negative responses.

Copyright © 2010 by the Construction Financial Management Association (CFMA). All rights reserved. This report first appeared in June 2010 on CFMA.org.

About the Author

Anirban Basu

Anirban Basu is Chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm in Baltimore, MD. He is one of the Mid-Atlantic region’s most recognizable economists in part because of his consulting work on behalf of such clients as prominent developers, bankers, brokerage houses, energy suppliers, and law firms.

Read full bio