The Commercial Construction Index (CCI) is a quarterly economic indicator designed to gauge what drives the commercial construction industry and its leaders, based on research conducted with contractors. Topics covered include the three factors from which the Index is derivedâ€”backlog levels, new business opportunities and revenue forecastsâ€”and additional market drivers such as workforce, financing, and materials and equipment trends. The Index also features a quarterly spotlight on revolving construction industry topics
- The Q4 CCI is 60, up three points from Q3 but still well below pre-COVID levels.
- Out of the three key drivers behind that number, backlog was the strongest, with the ratio of average current to ideal backlog now at 70.
- Supply chain issues are a concern during the pandemic, with 41% of contractors saying reduced availability of building products and materials is a severe consequence of the current outbreak.