Koniunktura w budownictwie

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Maria Podgórska
Ewa Ratuszny

Abstract

After the difficult second quarter, disruptions in financial liquidity and prolonging return to normalcy, the third quarter brought improvement to the construction industry. However, the improvement is weaker than expected three months earlier, and, according to the surveyed firms, the situation may deteriorate in the coming months. The results of the July survey 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) increased by 18 pts to -18.3 pts, still one of the lowest figures ever recorded. Compared to the 3rd quarter of 2019, however, it is almost 30 pts down. All the survey balances grew on the quarterly basis, but the annual changes are negative. Firms are pessimistic about their near future business prospects with many tendencies continuing to decline.(original abstract)

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