We use only the cookies needed to run the site and keep you signed in. No analytics, no advertising. Your answer covers anything optional we add later.

Cookie statement
IPMERC Futures

Construction trades, Belgium.

2026-Q3

Nothing published so far says whether hiring here is getting harder or easier.

Confidence none2 signals, 1 measured here2 papers1 sources5 quarters backnewest release 1 September 2026

Below the floor. No direction is shown.

The five readings

Movement is how the measurement shifted between two periods. Level is where it sits against a named benchmark. Plus always means harder to hire.

Demandmovement -level +0.77weight 0.56
Costmovement +0.74level -weight 0.22

Every signal, with its weight

Source times age times distance gives the weight. A figure borrowed from a wider market still counts, but it never overrules one measured here.

Demand

Belgian construction vacancy rate 5.5%Eurostat, 2025-Q21.00 × 0.56 × 1.00 = 0.561

Cost

labour costs up 21.4% in four yearsEurostat, 2025-Q2, borrowed1.00 × 0.56 × 0.40 = 0.224

How this cell has moved

Oldest first. A reading that holds quarter after quarter says more than a snapshot does.

Quarters marked reconstructed were scored afterwards, on the figures published about that quarter. They are not what this model said at the time, because it was not running then. Projections take no part in them.

2025-Q2Persistently tightreconstructedC
2025-Q3Persistently tightreconstructedC
2025-Q4Persistently tightreconstructedC
2026-Q1Persistently tightreconstructedC
2026-Q2Persistently tightreconstructedC
2026-Q3Not enough evidence-

Each metric, by quarter

The midline is the benchmark. Above it is tighter than the benchmark. A break in the line is a quarter with no reading, not a zero.

Demand+0.77

What is missing

No published figure touches supply, friction, structure for this market.

Job vacancy statistics by NACE Rev. 2.1 activity, quarterly has been published to 2026-Q2, on 19 August 2026. The newest figure accepted here runs to 2025-Q2. That release is waiting to be read.

Labour cost index, nominal, quarterly has been published to 2026-Q2, on 19 August 2026. The newest figure accepted here runs to 2025-Q2. That release is waiting to be read.

Back to the full outlook

How this is computed