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

Abstract

After moderately optimistic forecasts made inthe 3rdquarter, construction firms are nowrevising downwards their assessment of business situation in the construction sector. This is due to high daily increasesin the number of COVID-19 infections in the last few weeks, both in Poland and the entire European Union. As a consequence, the fourth quarterin a rowwe have been recordingdeterioration inbusiness confidence.TheIRG SGH construction confidence indicator(IRGCON) declined quarterly by almost 5.0 pts to-23.2 pts.Compared to the 4thquarter of 2019it is now lowerby nearly12 pts. Theriskof introducing lockdownagainand high uncertaintyaffect firms'forecasts for the next quarter.Assuming that seasonal factors are about to negatively hit the sector over the next months, no improvement should be expected to come soon(original abstract)