CONFINDEX™ Quarterly Reading

mar2019-confindex-arrowConstruction CFO confidence continues to decline. The overall index is at its lowest level since September 2010, slipping to 109 during the first quarter of 2019, down 4.4% from the previous quarter and 6% from a year ago. While these declines in the overall reading hardly sound catastrophic, the index has been in general decline since early-2015. Click here to read the full report.


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


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:

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

CONFINDEX™ Summaries by Year
2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009