In general, activity in the consulting engineering industry in Europe is stable. The markets in southern Europe are still improving while the markets in Northern Europe are staying at a steady level of progress after a period of steady growth.”
Market signals are positive. In eight of 20 countries there has been an increase in the average order stock of the consulting engineering companies. In the remaining 12 countries order stock is stable. Compared to the EFCA 2017 autumn barometer, order stock has increased by almost two months.
As a result of growing order stocks, turnover is also increasing. 12 out of 20 countries expect the total turnover of the consulting engineering industry in their country to increase.
Profitability is also improving across Europe. The average profit ratio (EBITDA) for 2017 was 7.9%, which was an improvement from 7.1% in 2016.