March 2010 CONFINDEX Reading

by Anirban Basu
  • The reading represents a 11% jump from the last reading of 91in December 2009 and is the first time the overall CONFINDEX number has gone into positive territory since December 2008.
  • Noteworthy in this first quarter 2010 reading:
  • The overall CONFINDEX number is up 11% from last December and is an improved 28% from December 2008 reading.
  • All sub indice measurements have improved with three of the four sub indices moving into optimistic positive territory (>100)
  • Availability of Bonding Credit in March 2010 increased from a pessimistic 98 to an slightly optimistic 105
  • The year ahead Confidence Sub Index jumped 13% from 114 to 129.

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

Copyright © 2010 by the Construction Financial Management Association (CFMA). All rights reserved. This report first appeared in March 2010 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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