This article first appeared in the 200103
issue of BD+C.
The Conference Board's Consumer Confidence Index (CCI) fell by 3.2 percent between November and December of 2000, after declining by a cumulative 7.3 percent over the previous four months. With a December 2000 CCI reading of 128.3-where average confidence during 1985 equals 100-the composite CCI was 9.5 percent lower than during December 1999.
The CCI component for future expectations, defined as six months out, fell by a sharp 5.3 percent between November and December-17.3 percent lower than three months earlier.
Commercial, industrial & institutional (CII) construction spending (Billions of current dollars)
| Spending in November 2000 | Percent change from November 1999 | Spending in Jan.-Nov. 2000 | Percent change from Jan.-Nov. 1999 | 1999 total spending | Annual Percent Change 1999 | 2000 | 2001 | |
|---|---|---|---|---|---|---|---|---|
|
CII total |
$26.84 |
13.9% |
$279.85 |
11.5% |
$273.47 |
3.6% |
10.2% |
3.7% |
|
Commercial |
11.36 |
7.6 |
120.74 |
9.9 |
119.65 |
8.1 |
9.0 |
2.2 |
|
Office |
4.74 |
19.8 |
48.96 |
14.3 |
46.57 |
10.3 |
12.7 |
7.1 |
|
Retail |
5.22 |
-1.3 |
56.55 |
8.0 |
57.14 |
6.6 |
8.8 |
-3.7 |
|
Hotel/motel |
1.40 |
6.9 |
15.23 |
4.1 |
15.94 |
7.6 |
2.6 |
-2.4 |
|
Industrial |
4.17 |
49.2 |
37.08 |
15.9 |
34.90 |
-13.8 |
13.7 |
5.5 |
|
Institutional |
11.31 |
10.7 |
122.03 |
11.8 |
118.92 |
5.4 |
10.3 |
4.7 |
|
Health care |
1.74 |
12.1 |
18.01 |
11.9 |
17.59 |
-0.6 |
11.7 |
2.2 |
|
Education |
4.94 |
20.2 |
53.78 |
18.0 |
49.51 |
7.8 |
16.3 |
9.5 |
|
Other institutional |
4.62 |
1.7 |
50.25 |
5.9 |
51.82 |
5.3 |
6.1 |
4.4 |
|
Multifamily |
2.40 |
5.4 |
25.79 |
2.9 |
27.26 |
10.9 |
0.8 |
3.7 |
Source: U.S. Department of Commerce; forecast: Cahners Economics
