GeoWorld, the online professional networking site for geotechnical engineers and associated fields supported by the International Society of Soil Mechanics and Geotechnical Engineering (ISSMGE), is pleased to announce the results of the second quarter of its Geotechnical Business Confidence Index.
The Geotechnical Business Confidence Index is derived based on the responses of geotechnical engineers, members of GeoWorld, on what they expect the business conditions to be in the next 1 year and the next 5 years compared to a “normal” year. The survey is conducted quarterly and the results are processed separately for each country. The index is the only indicator of geotechnical business conditions globally. A score of 100 indicates that the conditions are expected to be significantly better than a “normal” year, whereas a score of about 50 indicates the business conditions are about the same as a “normal” year. Scores less than 50 indicate bad business conditions.
The results for the second quarter are here and are really interesting:
Very good business conditions for the next year are reported again by GW members in countries like Argentina, and good business conditions are also reported again in the US, Australia, as well as Indonesia. The conditions remain bad for countries like Greece, UAE and Egypt, while Turkey seems to be joining this group. The worst conditions of all are reported in Venezuela. Overall, GBCI seems to be correlated to the known economic and political hardships of these countries.
To be part of the survey, you need to login to GeoWorld and fill in our 30-sec survey!
If you don’t have an account and want to participate, join GeoWorld now by clicking here!
You can see the results of the second quarter here.
Join now.
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