The outlook for the European construction industry rose in June, and was the third highest balance figure recorded this year so far.
A balance figure of +22.1% of survey respondents said activity levels in June were higher than in May. While the figure rose substantially compared to the previous month, it was still a way off March’s +37% - a ten-year high.
The balance figure is the percentage of positive responses minus the percentage of negative responses.
Respondents continued to hold a strong outlook on the future, with a balance of +47.1% saying they expected activity to be higher in a year’s time than now. This was up on the +40.2% recorded last month.
A balance of +42.6% of survey respondents said activity levels in June were better than a year previously. This compared to a lower balance last month of +41.4%.
The CE Climate figure was also up on last month. Indeed, June’s balance was +37.3%, compared with the +31.4% seen in May.
Following a lull during the second quarter of the year, the European construction industry has returned to a healthy present and future.
The survey, which takes just a one minute to complete, is open to all construction professionals working in Europe. The CE Barometer survey is open from the 1st to the 15th of each month on our website. Full information can be found at www.cebarometer.eu