The health and wellbeing of members, exhibitors, staff, and other stakeholders is our top priority. Due to the growing concern around the coronavirus (COVID-19), and in alignment with the best practices laid out by the CDC, WHO, and federal and local governments, CFMA has made the difficult decision to cancel the 2020 CFMA Annual Conference & Exhibition. Please CLICK HERE for more information.

CONFINDEX™ Quarterly Reading

In his 2007 book, the former options trader turned world-class scholar Nasim Nicholas Taleb writes about black swans: rare and unpredictable outliner events that can generate massive impacts on people’s lives, financial markets and broader economies. The coronavirus seems to neatly fit this description and has already begun to reshape U.S. construction industry expectations. Click here to read the full report.


Click here for the March 2020 CONFINDEX™ report.
Click here for the March 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
2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010