CE Barometer for October 2022

The CE Barometer survey for October was undertaken during the first three weeks of November.

Construction professionals from across Europe took part in this month’s CE Barometer survey.

The overall climate figure for this month’s barometer has dropped from 3.2% to 1.1% - this is a steep decline from August’s 14%.

This may demonstrate that, while business levels can pick up in some months, they are privy to dropping once again the following month – suggesting that the waters ahead are still uncertain.

Breaking this down, we look first at business levels in October, compared with September and find that the majority of respondents (48.3%) report that they are unchanged.

August saw a considerable disparity between businesses’ that reported an uplift in business levels compared to those in a worse situation. The October results are less optimistic as 27.6% reported better business whilst 24.1% recorded that it was worse than the previous month.

Comparing today’s business levels with those a year ago, things are slightly more positive. Business is recorded to be better by 37.9% of respondents – a small increase from the previous month’s results.

Unfortunately, looking ahead 12 months, it isn’t quite so optimistic, with 37.9% of respondents anticipating worse levels of business.

The balance figure stands at -6.9% and suggests that with the challenges afoot, many are concerned about how business levels will pan out in the future.

See the previous CE Barometer here