December 2009 CONFINDEX Reading

by Anirban Basu
  • Current Confindex reading – 90 – is essentially unchanged from September 09 reading. 
    Construction industry conditions appear to be stabilizing.
  • Noteworthy this quarter:
  • All individual measurements for current conditions, while still in negative territory showed some small upticks.
  • 3 of 4 individual measurements projecting 2010 expectations remain positive but tempered compared to September.
  • Availability of Bonding Credit in 2010 is a concern. This measurement reflect-ed the largest individual change going from a positive 109 in September to a negative 98 reading in December.

* Any index >100 reflects more positive responses than negatives, while any index

Copyright © 2009 by the Construction Financial Management Association (CFMA). All rights reserved. This report first appeared in December 2009 on CFMA.org.

About the Author

Anirban Basu

Anirban Basu is Chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm in Baltimore, MD. He is one of the Mid-Atlantic region’s most recognizable economists in part because of his consulting work on behalf of such clients as prominent developers, bankers, brokerage houses, energy suppliers, and law firms.

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