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CONFINDEX™ Quarterly Reading

It is frequently said that no news is good news. But when circumstances are difficult, and people want them to improve quickly, no news is not especially benign. During the third quarter’s administration of CFMA’s CONFINDEX survey, the Overall Index remained unchanged on a quarterly basis at a lowly reading of 87, down more than 24 percent from the same period a year ago. The reading is only 10 percent above the all-time low registered in December 2008. Click here to read the full report.


Click here for the September 2020 CONFINDEX™ report.
Click here for the September 2020 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
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011