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More than 3 million Americans work in commercial and nonresidential construction, and the sector contributes more than $700 billion in construction spending. As an industry-leading manufacturer of building products, we know how important the commercial construction industry is.
The USG + U.S. Chamber of Commerce Commercial Construction Index forecasts the direction of our industry by looking at three key factors across regions and trades – backlog levels, new business opportunities and revenue forecasts – to measure how contractors feel about the health and vitality of commercial construction.
Contractors are highly confident as revenues shift upward.
The Commercial Construction (CCI) Index rose three points in Q3 2019 to 77, the highest score since the index was first released in Q2 2017. Market trends reinforce the other indicators of high confidence, with expected increases in spending on tools and equipment, and consistent access to financing for the industry.
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