The latest Industry Barometer from the European Federation of Engineering Consultancy Associations (EFCA) shows that the recovery, expected in the spring, has materialised: overall, staff number increased markedly as well as order stock, turnover and profitability. Currently the largest challenge for the consultancy and engineering industry in Europe is the shortage of staff.
Although all indicators now appear to be back at pre-crisis levels, there is some uncertainty about a sustained recovery because of the recent surge in COVID-19 cases across Europe. Whilst measures are still needed to address the consequences of the coronavirus crisis, EFCA is strongly advocating increased and targeted investments in decarbonising the economy and built environment. The engineering consulting industry has a major role in delivering on Europe’s ambitious climate change targets.
The full report is available here.