Reading the clock

27 February 2008

The direction or angle of the arrow gives an indication of the point in the cycle the European construction industry is currently at. Given that there was stronger sentiment looking ahead then there was for the current situation, this month's arrow is approaching the vertical. This indicates in a graphical way what the numbers say – that expectations are for activity to be as high in a year's time as it is now – a continued boom in other words.

The arrow has moved on from where it was in August, but it remains to be seen whether the peak of the boom is approaching. Previous months results have shown a tendency for the arrow to oscillate, as sentiment changes from month to month, and also because of the small margin of error inherent in any survey like the CE Barometer.


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]