Study Shows Commercial Construction Industry Poised For Recovery
Business Tools
On: July 01, 2020 | By:
The Q2 2020 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index, released this week, reveals a drop in contractors’ confidence and outlook for their industry during the COVID-19 pandemic—but also that construction is well-positioned for recovery and positive change.
Survey results were collected in April, at the height of shutdown restrictions, causing the overall Index to plunge from 74 in Q1 to 56 in Q2. Two of the Index’s main indicators — confidence in new business and revenue expectations — both fell 26 points, to 50 and 44, respectively, revealing the severe impact of the coronavirus pandemic on the construction industry.
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