What do the latest construction confidence survey findings mean for the market?
By GlobalData
The confidence levels amongst construction industry executives have taken a dip amid heightened geopolitical risks, following Russia’s invasion of Ukraine. This conflict has exacerbated global supply disruptions and intensified upward pressures on prices of energy and key materials.
Despite having been on a sharp improvement trend in the second half of 2020, GlobalData’s Construction Confidence Index (CCI) has seen confidence levels drop to 57.7 points in H1 2022, falling from 65.7 points in H2 2021 – according to GlobalData’s latest confidence survey (May/June 2022). The Economic Impact Index (EII) has also seen considerable downturn, dropping 7.5 points in a year.
But what does this mean for the construction industry?
Access key analysis of the Construction Confidence Report – H1 2022, getting important insights into:
- Sales – what are sales prospects looking like in the face of economic and confidence downturns?
- Headcount – how are company headcounts expected to change?
- Prices – how are material prices, shipping costs, and more expected to change? This report takes into account rising energy prices and trade disruption caused by the Russia/Ukraine conflict.