Koniunktura w budownictwie : II kwartał 2019 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

In the second quarter of 2019, the general business climate indicator in construction (IRGCON) amounts to 22.4, lower by 6.2 points than in the second quarter of last year. A stronger decline compared to the same quarter of the previous year was observed only in 2009 (by 28.7) and in 2012 (by 22.1), i.e. in times of crisis of subprime loans and the debt crisis in the euro area. Particularly worrying results concern the smallest enterprises employing up to 10 people: the lowest in this survey business climate index, decreasing production level, orders and capacity utilization, deterioration of the financial situation, further decline in investment outlays. Similar, negative signals are visible in the group of enterprise buildings (PKD 41), and definitely more beneficial in state-owned enterprises and in enterprises performing civil engineering works (PKD 43).(fragment of text)