CONFINDEX™ Quarterly Reading
The Confindex saw a small increase during the second quarter of 2019, however it will be remembered for what failed to happen as opposed to what did. During 2019’s initial quarter, Confindex continued a collapse that began in 2017, but which gained momentum in late-2018. The first quarter reading on Confindex was the lowest in many years (2012). Many construction CFOs have been unnerved by the combination of rising costs of delivering construction services and a sense that the current construction expansion is approaching its conclusion. Click here to read the full report.
Click here for the June 2019 CONFINDEX™ report.
Click here for the June 2019 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