CE Barometer for July 2022
23 August 2022
The CE Barometer survey for July was undertaken during the first three weeks of August.
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Construction professionals from across Europe took part in this month’s CE Barometer survey.
The results show a reversal of fortunes, compared with the previous survey, with a worrying drop in current business levels, but a perhaps surprising return to confidence, looking to the future.
Reporting on business levels during the month of July, 25% of respondents said they had seen an improvement, while 39.3% cited a worsening scenario.
The balance figure (negative responses subtracted from positive responses) therefore stands at -14.3% – the lowest seen since November 2019.
This figure represents a worrying slowdown in business at a time when it was hoped construction would be leading the charge to recovery.
It also demonstrates a very rapid decline from the positive 22% balance seen just four weeks ago.
Looking back
Comparing today’s business levels with those at the same time last year, we see a significant fall from last month’s balance figure of 22.6% to this month’s 7.1%.
The figure is positive nonetheless, with 35.7% reporting an improvement, compared with 28.6% citing a drop, but a balance of 7.1% still represents the lowest figure seen since January 2021.
Looking ahead 12 months, 35.7% of respondents forecast improved business levels, with only 17.9% fearing levels lower than today’s.
At 17.9%, the balance figure is a significant leap into positivity, compared with last month’s -9.7%, giving rise to hope that the current disappointing levels of business will be an anomaly, as opposed to a trend.
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