2017 4th Quarter Economic Indicators
According to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI), the majority of commercial and industrial contractors are confident about sales growth, profits, and staffing levels heading into 2018.
“Despite the completion of approximately eight and a half years of economic recovery, both inflation and interest rates remain low,” said Basu. “The combination of elevated wealth and confidence with low borrowing costs drives spending and investment, which supports higher demand for construction services.”
We like that positive news!
Adapted from: Basu, A. (2017, December 7). Buoyed by Healthy Economy, ABC Index Finds Contractors Upbeat. Retrieved from abc.org
