Construction data shows US contractors highly confident in 12 month market outlook

A new study found the majority of contractors Opens a New Window.  in the U.S. have a positive outlook for the year ahead - and that could translate to overall economic growth Opens a New Window. More than half of contractors - 52 percent - reported they felt highly confident they would have enough new business opportunities in the next 12 months, according to second quarter data released Thursday from the 2019 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index Opens a New Window. That percentage is up 11 percent from the index's 2019 Q1 data. USG Corporation, a manufacturing company, and U.S. Chamber of Commerce said they use researchers from the research firm Dodge Data & Analytics to survey more than 2,700 commercial construction decision-makers for their quarterly indices on confidence and other industry trends. The responses are then used to create a composite score.

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