CE Barometer June 2010: Stable recovery
By Chris Sleight23 June 2010
The recovery in European construction continued in June, with the CE Barometer almost unmoved from the positive results of the previous month.
A balance of +25,7% of respondents said they had seen an increase in work compared to May - an identical result to the previous month's survey and the fifth consecutive month of positive results for this indicator.
The industry's future outlook also remained strong in June, with a balance of +38,0% of respondents saying they thought activity would be higher in a year's time. This was down a little from the previous six months' results, which had all seen this measure above the +40% mark.
June was also the third month running that respondents said activity was higher now than a year ago. This indicator strengthened once again to +15,1%, compared to +12,5% in May and +0,7% in April, emphasising for the third month in a row that European construction output has returned to growth.
With all survey results positive in June, the 'CE Climate', a broad measure of confidence in the sector, stood at +26,3%, about level with April and May's results. This indicator of the industry's health has been positive since December last year.
Once again, it is important to stress that the that the CE Barometer only shows the way the markets are moving, and what proportion of respondents are feeling that change. It does not and cannot give any indication of how volumes, or the value of work compare to previous highs or lows.
CE would like to thank all those that took part in the May survey. It was completed by more than 300 construction professionals in 30 countries around the region.
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