According to the October Contractor Comfort Index (CCI), contractors have a positive, but cautious outlook on short-term growth. The Air Conditioning Contractors of America (ACCA) began measuring contractor attitudes toward short-term economic growth with the CCI in February 2010.
For October 2011, the CCI is 58. These results also show that contractors are feeling a less confident than they were 12 months earlier when the CCI was 62.
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.
The CCI is released prior to the start of each month; the next index number will be released during the last week of November.
Source: Air Conditioning Contractors of America