Koniunktura w budownictwie

Abstract

After moderately optimistic forecasts made in the 3rd quarter, construction firms are now revising downwards their assessment of business situation in the construction sector. This is due to high daily increases in the number of COVID-19 infections in the last few weeks, both in Poland and the entire European Union. As a consequence, the fourth quarter in a row we have been recording deterioration inbusiness confidence. The IRG SGH construction confidence indicator (IRGCON) declined quarterly by almost 5.0 pts to -23.2 pts. Compared to the 4th quarter of 2019 it is now lower by nearly 12 pts. The risk of introducing lockdown again and high uncertainty affect 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)