The latest Industry Barometer from the European Federation of Engineering Consultancy Associations (EFCA) shows that the past 6 months have been remarkably busy for the consultancy and engineering industry in Europe.
Order books are noticeably reduced but remain at higher-than-normal levels. The market index is decelerating from the 2021 peak level. This means that there is still a strong state of business in the consultancy and engineering industry in Europe.
The largest challenges for the consultancy and engineering industry in Europe are the shortage of staff, low fees and salary increases. Geopolitics, energy transformation, rising inflation and interest rates are continuing factors contributing to uncertainty - and opportunities – in market developments of the future. The full report is available here.