Media SPECTIS
Media commentary
Europa Property | Polish construction industry likely to make recovery in H2 2021
02 Feb 2021
December turned out to be a good month for construction companies and producers of building materials, according to the latest monthly report by research company Spectis, "Construction market in Poland – February 2021". However, the outlook for the construction industry in 2021 remains moderately bleak, mostly because of a high comparison base of Q1 2020. That the second half of the year could see an upturn is yet suggested by higher-order books reported by the top 20 construction companies.
In H1 2021 the decline that the construction sector will face should not be significant because it is characterised by a low risk of COVID-19 spreading and negligible administrative risk of construction being closed down entirely. Despite a slightly lower volume of investment projects, construction companies will be in a relatively more comfortable situation compared to such sectors as tourism, entertainment, or restaurants.
Full article: www.europaproperty.com