Source: Installation.nl
The turnover perspective of installation companies looks good for this year. This is evident from the Construction Chain Monitor, carried out by the Economic Institute for Construction (EIB) for Techniek Nederland and other trade associations in the construction column. This is also a positive conclusion from the Construction Chain Monitor for the building automation sector.
In August 2020, the Dutch Economic Institute for Construction and Technology was still very gloomy about turnover developments for this year.
The third quarter of 2020 saw another increase in gross domestic product (GDP), which largely compensated for the spring dip. The positive signals are largely supported by the results of the installation companies. In the construction chain, the work in progress increased by 1.4 months to 9.4 months of work. The installation companies and architectural firms showed the largest increase with an increase of 1.4 and 2.9 months respectively. Installers now have an average of 10.5 months of work in their order books.
The improvement in sentiment is partly due to the protocol 'Working together safely', which was also signed by the Dutch industry organisation Gebouw Automatisering. Thanks to the protocol 'Working together safely', most activities in the construction chain could continue. Compared to the spring figures, installation companies in the construction chain perform best. On balance, approximately 10% of installation companies expect an increase in turnover, and the number of quotations also increased considerably. Almost three quarters of installers expect an increase in their workforce in the coming months.
This spring, the EIB, Bouwend Nederland and Techniek Nederland sounded the alarm about the sector. According to the research agency, 40,000 jobs would be at risk due to the corona and nitrogen crisis, and the market would shrink by 4 percent next year.
In April, 40 percent of companies in construction and installation still expected a drop in turnover: now the turnover expectation is almost neutral on balance. The profit expectations are even better: 94 percent expect to book the same or more profit. In the spring, a third still expected a drop in profit.
It is striking that some 80 percent of companies in the construction and installation sector do not expect to use the support packages offered by the government. However, 10 percent of the installers surveyed have used the possibility of deferring tax payments.
The Construction Chain Monitor is a joint initiative of the trade associations in the construction chain: the BNA, Royal Bouwend Nederland, Royal NLingenieurs and Techniek Nederland. The Construction Chain Monitor is based on data from approximately 1,500 companies and is published twice a year.
Nederlands