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Business For German Architects Better Than Ever

Summary:
The ifo Business Climate for freelance architects is more favourable this quarter than it has ever been since the survey’s launch almost 40 years ago. Assessments of the current business situation were again far better than in previous quarters. Just under ten percent of survey participants assessed their order situation as poor, versus 58 percent who described it as good. Not a single architect surveyed in one in three German Laender (Schleswig-Holstein, Bremen, Bavaria, Mecklenburg-Western Pomerania, Saxony-Anhalt and Thuringia) was dissatisfied with the current business situation. Around 15 percent even expect their order situation to improve over the next six months, versus just 8 percent who see no upturn. Three quarters of survey participants expect their

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The ifo Business Climate for freelance architects is more favourable this quarter than it has ever been since the survey’s launch almost 40 years ago. Assessments of the current business situation were again far better than in previous quarters. Just under ten percent of survey participants assessed their order situation as poor, versus 58 percent who described it as good. Not a single architect surveyed in one in three German Laender (Schleswig-Holstein, Bremen, Bavaria, Mecklenburg-Western Pomerania, Saxony-Anhalt and Thuringia) was dissatisfied with the current business situation. Around 15 percent even expect their order situation to improve over the next six months, versus just 8 percent who see no upturn. Three quarters of survey participants expect their order volume to remain unchanged. 61 percent signed new contracts in the second quarter of 2017.

At the beginning of the third quarter of 2017 survey participants reported an average order backlog of 7.3 months. This figure exceeded the seven-month marker for the third quarter in succession.

The estimated construction volume from new contracts rose by 20 percent compared to last quarter. In non-residential construction this figure rose by almost a third, pushing total order volume up a good 25 percent versus the previous quarter.

Publication (in German)

  1. Gluch, Erich, "ifo Architektenumfrage: Geschäftsklima weiterhin erfreulich gut", ifo Schnelldienst 70 (18), 2017, 46-47 | Details | PDF Download

Clemens Fuest
Clemens Fuest took over from Hans Werner Sinn as chairman of the IFO Institute in April 2016. He is professor at the Faculty of Economics of the University of Munich.

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