Koniunktura w budownictwie : II kwartał 2020 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

The pandemic has been seriously affectingthe constructionindustry.The results of the business surveytaken in Aprilare in many respects comparable with theones recorded during recessions which followed the dot-combubble(2001-2002), the subprime mortgage crisis(2009) and sovereigndebt crisis inthe Eurozone(2013. The construction confidence indicator (CCI) declined to-36.3pts, the third lowest numberever recorded. All the survey balances (production, domestic and export orders, employment, prices, investment and financial situation) decreased both on quarterly and annual bases. For the first time in the history of the survey the balances of production and orders are negative in the second quarter of a year. The balance of firms' assessments of general economic situation in thecountry hit record low. Payment gridlocksare coming forth to be a critical problem for construction firms. Pessimism is widespread, and expectations are low, so no improvement is foreseen in the near future.(original abstract)