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Construction Business Confidence Report H1 2015

Construction Business Confidence Report H1 2015

Synopsis

Construction Business Confidence Report H1 2015' is a new report by Timetric that globally analyzes industry opinions on the latest economic and customer issues, and their impact on investment decisions and growth prospects in the construction industry. The report also examines executive opinions on the current and future state of the economy, and its effect on the industry. It analyzes the likely effect of supplier price changes, sales performance, and staff headcount in the industry over January–June 2015. In addition, it provides an overview of the key priorities, threats, and opportunities for the global construction industry over January–June 2015.

Summary

  • The report examines the prevailing economic conditions and executives opinion with regards to the global economy, and the state of the economy in various regions.
  • The report provides industry executives’ expectations on the growth prospects of their company and the industry as a whole over January–June 2015.
  • The report analyzes construction industry executives’ opinions on changes in customer confidence, globally, over January–June 2015.
  • The report determines the expected change in supplier prices across various categories, and their impact on business confidence, and examines the key factors influencing the change.
  • The report tracks expected changes in staff headcount and sales among industry executives operating in various regions, over January–June 2015.
  • The report ascertains the various investment activities on which industry executives intend to focus over January–June 2015.
  • The report examines industry executives’ attitudes to various business concerns, and provides regional analysis.
  • The report identifies the immediate business priorities of construction industry executives over January–June 2015.
Scope

The report features the opinions of construction industry respondents about the economic overview, covering the following aspects:
  • The state of the economy
  • Growth prospects and customer confidence
  • Supplier prices and levels of expenditure
  • Organizational outlook and strategy
Reasons To Buy
  • This report is the result of an extensive survey drawn from Timetric’s exclusive panel of leading construction industry executives.
  • The report analyzes current economic conditions prevailing around the world and their impact on the construction industry.
  • The report forecasts company and industry growth prospects over January–June 2015.
  • The report provides information on the impact that customer confidence, supplier prices and staff headcount are likely to have on industry executives' investment decisions over January–June 2015.
Key Highlights

Overall, 37% of construction respondents state that they are operating in a stable economic environment, while 19% state that their current economic conditions are favorable.
  • The majority of global construction industry respondents anticipate positive growth for both their company and industry over January–June 2015.
  • Executives operating in Europe anticipate an increase of 3.5% and 2.4% in sales growth and staff headcount respectively in the first half of 2015.
  • Improving operational efficiency and customer retention are the most popular priorities by construction industry executives in all regions.


  • DEFINITIONS AND ABBREVATIONS
  • METHODOLOGY AND SAMPLE SIZE
    • PROFILE OF RESPONDENTS
  • State of the economy
    • STATE OF THE ECONOMY: KEY POINTS
    • In total, 19% of executives consider current operating conditions in the global economy to be favorable
    • Economic conditions are deemed to be favorable in Asia
    • Executives operating in Europe have less favorable opinions of economic conditions
    • STATE OF THE ECONOMY: IN THEIR WORDS
  • Growth prospects and customer confidence
    • GROWTH PROSPECTS AND CUSTOMER CONFIDENCE: KEY POINTS
    • The majority of executives have a positive outlook with regards to company and industry growth prospects
    • Executives are slightly less optimistic about industry growth prospects than company growth prospects
    • Confidence in company growth is stronger in the Rest of the World
      • Table How optimistic are you about your industry's and company's growth prospects over the next six months? H1 2015
    • Most executives project a positive change in customer confidence over the next six months
    • Optimism about customer confidence is less among those operating in Europe
    • SUPPLIER PRICES AND CUSTOMER CONFIDENCE: IN THEIR WORDS
  • Supplier prices and levels of expenditure
    • SUPPLIER PRICES AND SALES PERFORMANCE: KEY POINTS
    • Executives operating in the Rest of the World expect the highest increase in supplier prices of machinery and equipment in H1 2015
    • On average, the price of raw materials is expected to increase by 1.2% over the next six months
      • Table How do you think supplier prices will change over the next six months compared to what they are now? Raw Materials (H1 2015)
    • Globally, 29% of executives foresee an increase of 0.1-3.99% in supplier prices of machinery and equipment
      • Table How do you think supplier prices will change over the next six months compared to what they are now? Machinery and Equipment (H1 2015)
    • Supplier prices of power and energy are expected to increase by 0.1% over the next six months
      • Table How do you think supplier prices will change over the next six months compared to what they are now? Power and Energy (H1 2015)
    • Executives from Europe anticipate increases of 2.4% and 3.5% in staff headcount and sales growth respectively in H1 2015
      • Table How do you think the following will change over the next six months compared to now? (Average figures) (H1 2015)
    • Global construction industry executives foresee increased investments in new product development for H1 2015
      • Table How do you think spend will change on the following activities over the next six months, compared to the previous six months, in your organization?
  • Organizational outlook and strategy
    • PRIORITIES AND CONCERNS: KEY POINTS
    • Economic, industrial and societal issues can impact operations, profitability and strategy
    • The performance of developing nations' economies and unemployment are key economic concerns for executives operating in Asia-Pacific
    • Globally, social unrest in areas of operation is the key concern in H1 2015
    • In Asia-Pacific, the performance of developing economies is a key concern among executives
      • Table How concerned are you about the following and the impact that they could have on your company's performance over the next six months? (Those who said `concerned' or `very concerned')
    • Social unrest in areas of operation is the key concern of global construction industry executives
      • Table How concerned are you about the following and the impact that they could have on your company's performance over the next six months? (Those who said `concerned' or `very concerned')
    • Globally, respondents intend to engage in activities which help customer retention and increase operational efficiency
    • Industry competitors will focus on improving operational efficiency, and customer retention in H1 2015
    • In H1 2015, 81% of construction executives operating in Europe identify improving operational efficiency as a key priority
      • Table How much of a priority are the following over the next six months for your organization? Those who said "high" or "very high" (H1 2015)
  • Appendix

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