Construction market in Poland to shrink 3-5% in 2020
28 Sep 2020
According to the autumn edition of the report by research firm Spectis, owing to relatively good performance the construction industry delivered in the first half of the year, analysts revised 2020 forecasts upwards. Spectis expects that the market value real change will reach around 3% for the total market and 5% for companies with more than nine workers, versus falls of around 5% and 6%, respectively, projected last spring.
Unlike 2017-2019, the sector’s change will not be driven by all the three construction segments in 2020 and 2021. The slowdown will exert the strongest impact on private construction. Construction companies with sizeable exposure to building construction can find it very hard with securing enough orders to utilize their capacity in 2021 and 2022.
Full article: www.wbj.pl