CE Barometer December 2011: Pessimism remains
By Chris Sleight15 December 2011
Confidence in the European construction sector remained negative in December, following a sudden plunge the month before. But in contrast to November's results, the strength of the sentiment was far less pronounced.
Current confidence fell to a negative balance of -9.2%, a figure arrived at by subtracting the percentage of negative responses from positive ones. Although very clearly in negative territory, the strength of feels has moderated from the -24,2% result seen in November
Likewise, on the future outlook, respondents were still negative, but at -3,2%, the result was again far less pronounced than the -24,2% of people who said activity would be lower in a year's time, based on November's results.
Compared to a year ago, results were evenly split between those who said activity was higher and those that said it was lower.
As a result of all of this, the overall Climate stood at -4.1%, a move in the right direction from the result of -15.2% seen in November, but still in negative territory.
Compared to November's starkly negative results, December's survey has seen sentiment moderate a little, and to a large extent return to the indecisive, directionless territory it was in for most of the late summer and autumn.
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