PHCC releases Second Quarter 2023 Contractor Confidence Index Report; industry conditions improve despite ongoing concerns
Plumbing-heating-cooling contractors feel that industry conditions are better now than they were in the previous three months, according to the latest report from the Plumbing-Heating-Cooling Contractors—National Association. The PHCC Business Intelligence Department just released its Q2 2023 Contractor Confidence Index (CCI). Sponsored by PHCC Strategic Partner Bradford White, the PHCC CCI is based on a quarterly survey of PHCC members designed to take the pulse of the plumbing, heating, ventilation, and cooling market.
The PHCC Second Quarter 2023 CCI summary report revealed a CCI of 56.2 (any rating over 50 indicates a higher share of PHCC contractors reporting industry conditions are better than they were in the previous quarter). This CCI is up from 52.2 in the first quarter, although respondents cited ongoing frustrations as well as concern about an impeding recession.