Ifo Architects Survey: Further increase in order stocks

According to the results of the quarterly survey of the Ifo Institute, the business climate for freelance architects remains favourable a the beginning of the second quarter of 2010. The survey participants assessed their current business situation somewhat more favourably than in the previous quarter, but their business expectations are not as confident as they were three months ago. Although the share of optimistic architects has risen from 16 to 17 percent, the share of sceptics increased from 18 to 20 percent. On balance the architects still maintain an unbroken confidence regarding business developments in the coming six months.