CFMA: confidence drops 18%.The Construction Financial Management Association (CFMA CFMA Construction Financial Management Association CFMA Commodity Futures Modernization Act of 2000 CFMA California Furniture Manufacturers Association CFMA California Fire Mechanics Academy CFMA Central Florida Musicians Association ) has just introduced CONFINDEX, a proprietary construction industry measure of 200 randomly selected CFOs in the commercial construction sector. In its first publicly released reading, for December 2008, CONFINDEX showed a dramatic 18 percent decline in Overall Confidence since June 2008, indicating a heightening height·en v. height·ened, height·en·ing, height·ens v.tr. 1. To raise or increase the quantity or degree of; intensify. 2. To make high or higher; raise. v.intr. pessimism pessimism, philosophical opinion or doctrine that evil predominates over good; the opposite of optimism. Systematic forms of pessimism may be found in philosophy and religion. level. CONFINDEX is a quarterly reading composed of eight elements used to calculate a net score of confidence, including the state of construction industry conditions now and in the year ahead; availability of bank credit now and in the year ahead; state of total backlog now and in the year ahead; availability of bonding credit; and availability of working capital. There are also four sub-indices, including business conditions, financial conditions, current confidence and a projected outlook, that measure the optimism or pessimism levels of different aspects of the commercial construction industry's financial sector. These scores are composed of various combinations of the eight elements. CONFINDEX will be released quarterly from its Princeton headquarters, under the aegis aegis (ē`jĭs), in Greek mythology, weapon of Zeus and Athena. It possessed the power to terrify and disperse the enemy or to protect friends. of Jim Bartsch, CFMA director of research and Analysis. The next CONFINDEX reading is scheduled for release in March 2009. The Construction Financial Management Association is the only non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. dedicated to serving the financial professional in the construction industry. Established in 1981, it serves more than 7,000 members in 89 chapters across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , offering an award-winning business journal in addition to a variety of educational and professional development programs through its chapter network, at its Annual Conference & Exhibition, and via the Internet. Membership in CFMA provides opportunities for networking, career development, and growth. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion