Polish construction market poised to shrink by 7% in 2013

For the first time in ten years, the Polish construction market is expected to shrink in 2013 in the wake of a reduced number of infrastructural projects. However, the on-going slowdown creates an excellent opportunity to remove the shortcomings of the Public Procurement Law, restore the construction industry and get prepared for the next surge in investment activity.
The results of the sixteenth survey of high-level professionals from the management and operating divisions of 200 largest Polish construction companies, which we conducted for the purpose of the report “Construction sector in Poland H2 2012 – Development forecasts for 2012-2015”, reveal a very sharp downturn in confidence in the construction industry in Poland. In September 2012, PMR Business Confidence Indicator for the construction industry had a value of -30.2 pts. The slump is similar in scale to that of the first wave of the crisis of 2008/2009.

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