Crucial steps in overcoming the predicted slowdown in the Polish construction industry - October 2011

This autumn business confidence index in the Polish construction sector fell to a level previously seen in the spring of 2009. The sentiment among market participants was adversely affected by such factors as continued uncertainty in financial markets, most projects for Euro 2012 reaching completion, required cuts in public sector investment spending and the lack of clear signs of recovery in private investment. However, companies mention numerous factors facilitating doing business in the construction industry in Poland.

The results of a survey of high-level professionals from the management and operating divisions of 200 largest Polish construction companies, which was conducted for the purpose of the report “Construction sector in Poland H2 2011 – Comparative regional analysis and development forecasts for 2011-2014” show a sharp downturn in business sentiment in the construction industry in Poland. PMR Business Confidence Indicator for the construction industry had a value of -2.4 pts in September 2011, demonstrating that construction companies were significantly less optimistic as to the present and future situation in the sector after two years of relative stabilisation.