Confidence in the European construction strengthened in September according to the results of the CE Barometer survey. The improvement followed an encouraging up-tick in August, but overall the recovery – if it is one – still looks fragile.
One of the most noticeable improvements was the improved sentiment about the future outlook for the industry. Already strong in August with a balance of +30.2% of respondents saying they expected activity levels to increase over the next 12 months, September’s survey saw that figure jump once again to a balance of +42.2%.The balance figure is the percentage of positive responses, minus the number of negative ones.
Another important indicator was the fact that 2.4% of respondents said they now found activity levels were higher than 12 months ago. Although not positive by a convincing margin, it was the second month running that this measure was in the black, after sitting in negative territory since early 2012.
Respondents also said month-on-month activity picked up in September, with a balance of +9.6% saying they were busier this month than in August.
The strengthening of all three measures of confidence helped the CE Climate – a broad measure of the state of the industry – rise further, to +18.1%, from +12.2% in August. The last time it was at these heights was mid-2011.
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