Confidence survey Index Business Geotechnical GeoWorld

We present you the results of the "Geotechnical Business Confidence Survey" by GeoWorld!

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 first 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 are for the first quarter are here and are truly fascinating:

Very good business conditions for the next year are reported by GeoWorld members in countries like Panama, Romania, Morocco, Thailand, and South Africa. Good business conditions are also reported in countries like the United States, the UK, and Brazil and Argentina. Really bad conditions are reported in countries like Greece, Spain, Saudi Arabia and Iran.

Another major finding is that geotechnical engineers are optimists! In the figure, the scoring is shown for each country for the business conditions in 1 year in the x-axis and the business conditions in 5 years in the y-axis. Nearly always, geotechnical engineers expect the business conditions to be better in 5 years than next year. It will be interesting to see if this trend continues in the future!

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