Koniunktura w budownictwie

Abstract

The pandemic has seriously affected the construction industry. The results of the business survey taken in April are in many respects comparable with the ones recorded during recessions which followed the dot-com bubble (2001-2002), Great Recession (2008-2009) and European debt crisis (2013). The construction confidence indicator (CCI) declined to -36.3 pts, the third lowest number ever 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 the country hit record low. Payment gridlocks are coming forth to be a critical problem for construction firms. Pessimism is widespread, and expectations are low, so no significant improvement is foreseen to come up in the near future.(original abstract)