Sentiment on the European construction industry was more or less unchanged in January 2016, from the previous month, fitting in with the pattern of a seasonal downturn which began in November.

A balance figure of -6.1% of survey respondents said activity levels in January were lower than in December, an improvement from the level of -13.0% seen a month ago, but still a negative result, indicating falling activity. The balance figure is the percentage of positive responses minus the percentage of negative responses.

But there was still strong sentiment about the future. A balance of 31.3% of respondents said they expected activity levels to be higher in a year’s time compared to this month. This was on a par with the results seen throughout the final quarter of 2015.

And a significant improvement since December was that a positive balance of +11.5% of respondents said they were busier now than a year ago. This compared to the figure of -7.8%, which was recorded in December in response to the same question.

This helped to lift the CE Climate figure – a composite number based on responses to all questions – from just +2.6% in December to +12.2% this month. Again, this was similar to results seen in November and October last year, but was some way below the higher levels of positivity which prevailed over the summer.

Take part

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

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