CE Barometer for April: Positive if fragile outlook

By Mike Hayes08 June 2022

The CE Barometer survey for April 2022 was undertaken during the first three weeks of May 2022

Taking the temperature of the European construction market with so many variables in play is a dangerous game.

At such times, the best thing to do is rely on the intelligence derived from the combined experience of construction professionals working across the region.

This month’s CE Barometer is formed from the responses of professionals operating in 21 European countries, giving us a broad snapshot of the current climate.

In May, respondents compared current business activity with the previous month and, on average, found it had dipped. Just 21.2% saw an improvement, while 24.2% saw less activity.

The balance stands at -3.0%, a move into negative numbers for the first time this year.

However, the longer-range view of the market is more positive…

Looking at the same time last year, more than half of the survey respondents (54.5%) report improved levels of business, up 11.6% on last month’s response.

With a drop of 4.7% in the number reporting reduced activity (18.2%), the balance figure stands at a healthy 36.4%, which is 16.4% ahead of last month’s figure.

Again, looking ahead to this time next year, there is a hint of optimism in the market, with 36.4% predicting improved business levels, compared with 30.0% in last month’s survey.

This shifts the balance figure from a precarious 1.4% in last month’s survey, to a slightly healthier 7.6% this month.

In summary, it would appear that while the current challenges – and there are many – are unquestionably hampering business growth, an undercurrent of strength in the European market is currently the prevailing sentiment.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Obituary: Clément Fayat
With regret, we report the death of Clément Fayat, founder of the Fayat group
Sanctions hit Russian oil and gas project pipeline
GlobalData report shows construction projects decline by €72 billion in Q2, 2022 
CE Barometer for May
Mixed responses from Construction Europe survey speak to the current uncertainty
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA