- While we are still in negative territory, we are encouraged by and see signs of optimism in the June reading.
- While still in negative territory June’s reading reflects an uptick from 84 to 89.
- Again while still negative, June’s reading showed over a 10 point uptick from 69 to 80.
- March’s reading was in positive territory and June’s reading reflects even a further uptick from 112 to 123.
- The Financial Conditions and Current Confidence Indices are essentially unchanged from their March readings
- Current total backlog is increasingly negative but future backlog reflects increasing optimism for total backlog in 2010.
Copyright © 2009 by the Construction Financial Management Association (CFMA). All rights reserved. This report first appeared in June 2009 on CFMA.org.