Results of the Ifo Architects Survey of 2nd quarter 2014
Ifo Architects Survey: Improved Business Climate
According to the results of the Ifo Institute’s survey of freelance architects, the business climate improved at the beginning of the second quarter of 2014. In the past twenty years, it has never been so favourable.
The share of surveyed architects that characterised their current situation as “good” was 46%; in the previous quarter it was 42%. Business expectations improved over the last quarter, and the proportion of survey participants who were sceptical about their business prospects fell from 15% to 12%.
The estimated construction volume from the new contracts (new buildings without planning services for existing structures) was about one-eighth below the level of the previous quarter. The volume of orders for the planning of non-residential buildings fell by almost 40%. For residential buildings, however, it increased, with a particularly positive development in apartment buildings. During the survey quarter, the planning contracts for multi-family buildings rose by almost 60%.
Contract awards from both commercial as well as public customers declined in the first quarter of 2014 over the previous quarter by almost one-quarter and more than 50%, respectively.
The average range of orders remains at a quite respectable level, despite a decline from 6.5 to 6.3 months.
Presentation of survey results (in German)
The Ifo Institute has conducted its quarterly survey of freelance architects Germany-wide since 1996 (since 1980 in only four federal states) among a panel of 1,800 architects. The survey gathers data on the business climate, new contracts – from which construction volume is estimated – as well as orders on hand. The quarterly data is supplemented by annually surveyed data on how large the architectural offices are and on their legal forms and volume of fees.