ACCA contractors are showing some concern over the future economic outlook. According to the Air Conditioning Contractors of America’s Contractor Comfort Index, contractor attitudes toward short-term economic growth is on the decline.
The CCI is
calculated based on a survey of the association’s contractor members, who are
asked how positive they feel about new business prospects, existing business
activity, and expected staffing decisions in the short-term future. Weighted
and averaged into one number, a CCI of 50 or above reflects anticipated growth.
For July, the CCI is 64, down from 69 in June. Even with the decline, the ACCA
said that the index still shows that contractors anticipate short-term growth.
“Given the unusual heat of this summer season across the country, and the fact
that many of our member contractors have been extremely busy with record
activity, it is interesting that their short-term economic outlook is growing
more cautious,” said Kevin Holland, ACCA division vice president for business
operations and membership. “The entire business community is uncertain about
activities in Washington,
and that may be fueling contractor concerns, as well. Since this is a new
index, we will continue to monitor trends from month to month, and season to
The CCI is released prior to the start of each
month; the next index number will be released during the last week of August.
ACCA contractors cautious on future growth
July 30, 2010