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CONFINDEX™ Quarterly Reading

Perhaps one should have seen this coming. Despite all the talk abouta weaker global economy, a domestic manufacturing sector already inor teetering on the verge of recession, indications of weaker investment in structures, and ongoing political drama emerging from Washington, D.C., CFOs collectively expressed substantially greater confidence during 2019’s final quarter than they had previously. The overall CONFINDEX reading was up 7 percent (to 123) during the fourth quarter relative to the third,and is up nearly 8 percent on a year-ago basis. Click here to read the full report.


Click here for the December 2019 CONFINDEX™ report.
Click here for the December 2019 Summary (.PDF)


CONFINDEX is CFMA's proprietary confidence index survey of construction financial management professionals. It is the only confidence index survey asking the level of confidence from important decision-makers in a critical industry of the U.S. economy.

For some industry analysts and financial analysts, CONFINDEX is a leading economic indicator of the health of commercial construction in the U.S.


CONFINDEX is compiled from four sub-indices measuring critical components of the financial health of a commercial construction company:

  1. Business Conditions
  2. Financial Conditions
  3. Current Conditions
  4. Year-Ahead Outlook

CONFINDEX Survey Panel Composition

The survey is sent to CFMA General Members with titles such as CFO, controller, and VP.

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

CONFINDEX™ Summaries by Year
2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010