Construction Backlog Indicator, Confidence Index Up

Credit: ABC

By Associated Builders and Contractors

Associated Builders and Contractors has reported its Construction Backlog Indicator rose to 8.2 months in February, according to an ABC member survey conducted from February 22nd to March 3rd. This is up 0.7 months from January’s reading, but is still 0.7 months lower than in February 2020.

ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels also increased in February. All three indices are now above the threshold of 50, indicating expectations of growth during the next six months, but below February 2020 levels. (Source)

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