Nonresidential Contractor Confidence Begins to Wane

While contractors are less optimistic regarding sales, profits and staffing levels on a monthly basis, all three principal components measured by the survey remained well above the diffusion index threshold of 50 in June. Nearly 67% of contractors expect sales to rise during the next six months, while more than 59% expect staffing levels to increase and 54% expect profit margins to expand.  

• The CCI for sales expectations decreased from 70 to 65.3 in June.
• The CCI for profit margin expectations fell from 62.8 to 61.3.
• The CCI for staffing levels fell from 66.8 to 64.6.

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