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Tave speak:
- The Bauwehrplatz decreased to 8.3 months In February, according to a survey by Associatars and Contractors, which was carried out from February 20 to March 5, around 1% was returned to January.
- Work in building owners pipelines fell for building contractors with an annual turnover of less than 100 million US dollars, while companies with over 100 million US dollar sales booked more work and alleviated the decline.
- The total confidence of the contractor was determined in February, even when the expectations of the profit margins decreased and the sales expectations remained at level according to ABC.
Diver Insight:
According to the report, the decline in the deficit in February shows a growing gap between large and small contractors.
Larger companies or those with over 100 million US dollars are expanding their project pipelines. Managers of the public construction company recently thrown off Tariff and political concernsReferring to strong demand for massive infrastructure, data centers and energy projects.
Smaller companies, on the other hand, are in contrast when the deficit decreases. Nevertheless, the industry is still expecting a engine in the terms and conditions this year.
“While many other economic sentiment readings have deteriorated in recent months, the contractors remain optimistic that the terms and conditions will improve in the first half of 2025,” said Anirban Basu, chief economist from ABC, in the press release.
Despite the decline in the deficit, the hiring of expectations according to ABC increased in the course of the month. The survey showed that almost 60% of the contractors plan to increase the staff over the next six months.
This is the highest metric for contractors who plan to expand their salary statements for over two years, said Basu.
“These attitude expectations suggest that the latest slowdown in industry -wide employment is largely limited to the apartment segment,” said Basu in the publication. “Yes, there are some broader signs of an emerging economic weakness, but the results of this ABC member survey suggest that the contractors remain busy in the next quarters.”