Survey results indicate that 22% of respondents have a favorable opinion about the state of the economy.
Timetric’s ConstructionBusiness Confidence Report Q2 2014 globally analyzes industry opinions on the latest economic and customer issues, and their impact on investment decisions and growth prospects within the construction industry. This report also examines executives' opinions with regards to the current and future state of the economy, and its effect on the industry. It analyzes the likely effects of supplier price changes, sales performance, and staff headcounts within the industry, and provides an overview of the key priorities, threats, and opportunities for the global construction industry.
Why purchase this report?
- Acquire information on the impact consumer confidence, supplier prices, and staff headcount are likely to have on the investment decisions of industry executives
- ·The report analyzes current economic conditions prevailing around the world and their impact on the construction industry.
- Identify various approaches to enter these markets, and capitalize on the available opportunities, should you be wishing to diversify your business offerings.
- The highest percentage of respondents, both domestic and foreign, from North America communicated a favorable opinion regarding economic conditions in the region. The return of economic growth, reduced unemployment levels, surge in the housing sector, growth in construction-intensive industries such as oil and gas, and manufacturing can be attributed as the key reasons for the trend.
- Asia-Pacific was identified as another important region with favorable economic conditions by respondents who operate and do not operate in the region. Consistency in economic performance by the developed and developing countries in the region, a rise in income, and efforts by governments to improve infrastructure can be attributed to the growth of the construction industry in the region.
- Supporting the trend, in February 2014, architectural firm Atkins, based in the UK, and China Southwest Architectural Design and Research Institute together were awarded a contract worth over US$5 billion to provide conceptual planning and terminal design for Qingdao Airport. Atkins said that the new airport is one of the largest to be approved by the Chinese government and will have the capacity to serve 38 million passengers per year in 2025, and 60 million in 2045.