Associated Builders and Contractors’ Construction Backlog Indicator increased to 8.6 months in September, which is 0.4 months lower than September 2023.
Meanwhile, ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased in September. The readings for all three are above the threshold of 50, indicating expectations for growth over the next six months.
“Contractor confidence rebounded in September," ABC Chief Economist Anirban Basu said in a statement. “While the reading for profit margins briefly dipped below the threshold of 50 in August, indicating net expectations of contraction, contractors are back to expecting modest expansion in their margins as of September.”
Read ABC’s full report here.
