Media SPECTIS
Media commentary
Eurobuild | Rising prices pushes construction turnover to new levels
25 Sep 2019
"The thing is, the construction sector’s contribution to the Polish economy remains significantly below the level seen when the preparations for the Euro 2012 Football Championship were in full swing. In 2008–2011 the construction industry accounted for about 12% of the gross domestic product, whereas its share is expected to amount to 10.5% in 2017–2020. This actually shows that an investment gap of more than PLN 30bn (€7bn) a year in the growth of Polish construction," argues Bartlomiej Sosna, a construction market consultant at Spectis.
"Another major hike in the minimum wage would be a highly relevant growth factor for the construction market’s value in 2020 as it will drive up construction companies’ costs, in particular for the smaller firms. In the case of building material manufacturers, important cost drivers will also include soaring electricity prices and higher costs of carbon allowances, along with the higher minimum wage," points out Bartłomiej Sosna.
Full article: www.eurobuildcee.com