Increase in backlogs and margins underscore renewed optimism across global construction industry
After prolonged economic uncertainty, a majority of companies in the global engineering and construction sector have fresh confidence in the growth prospects for the industry, according to KPMG International’s 2013 ‘Global Construction Survey: Ready for the Next Big Wave?’
A general increase in backlogs and margins is giving cause for optimism across the industry, with further growth anticipated. Just more than 50 per cent of 165 mostly C-level respondents from the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific (AsPac) regions say their companies experienced an increase in backlogs of at least five per cent in the period from 2012 to 2013. Moreover, although margins are not rising at the same rate as backlogs, 80 per cent say their margins will either remain stable or increase by more than two per cent in the same period.
Not surprisingly, the Americas have the highest confidence for growth, with 90 per cent forecasting margins as stable or increasing by more than two per cent. By contrast, 28 per cent of companies in the AsPac region see margins decreasing below two per cent…
If you are registered and logged in to the site, click on the link below to read the rest of the KPMG briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from KPMG
News from The Lawyer
Briefings from KPMG
The headlines following the release of the latest European insurance stress test results made depressing reading. However, the actual position is more positive.
What will be the key areas that the European Central Bank will focus on following the bank stress test results?