Koniunktura w budownictwie : I kwartał 2022 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

In the first quarter of 2022, the business climate indicator IRG SGH (IRGCON) has a negative value of -7.5 points, so it is 4.8 points lower than in the fourth quarter of 2021. This decline may be related to the winter season, unfavorable for the construction industry. Compared to the first quarter of 2021, the business climate indicator is higher by 5.3 points and with the first quarter of 2020 higher by 3.5 points. The current economic situation in construction is still worse than three years ago, because in the first quarter of 2019 the indicator was -3.2 points. The balance of answers to the question about the production volume is negative and equals -30.7 points. The current balance of production is, however, 11.9 points higher than in the previous year. A high increase in comparison to the situation from the previous year was recorded for both ownership sectors: by 11.8 points for private companies and 14.1 points for public enterprises. The current quarter is another quarter of an increase in the prices of construction services. The current balance of prices in total amounts to 41.5 points. Compared to the first quarter of the previous year, the current balance is 51.8 percentage points higher. The measure of price growth in the private sector is the balance equal to 40.4 points and in the public sector - 48.1 points. The prices of construction services can be expected to increase further in the coming quarter. The price balance forecast in total amounts to 57.9 points, for the private sector it is 57.7 points and the public sector is 61.7 points. (original abstract)