ABC Construction Backlog Indicator Falls Sharply for Small Contractors, Increases for Large Contractors in October, Contractors’ Confidence Dips (11/14/2023)

WASHINGTON, Nov. 14—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.4 months in October from 9.0 months in September, according to an ABC member survey conducted from Oct. 19 to Nov. 2. The reading is down 0.4 months from October 2022.

View the full Construction Backlog Indicator and Construction Confidence Index data series.

Backlog now stands at its lowest level since the first quarter of 2022. Declines were concentrated among the smallest contractors, those with less than $30 million in annual revenues. All three other revenue categories experienced an increase in backlog in October.

Source: Associated Builders and Contractors