Czech construction sector to grow 6% in 2015

According to a new report entitled “Construction sector in the Czech Republic 2015 - Development forecasts for 2015-2020” published by the analytical and research company PMR, the Czech construction output went back to growth in 2014 following five years of consecutive declines. Construction output increased by 3.5% year on year to over CZK 400bn (€15bn). This figure was still approximately one-quarter lower than that of 2008, when the economic crisis erupted. In 2014 business confidence in construction underwent a gradual, but considerable, improvement. The improvement continued in the first months of 2015, reaching a record six-year high in January 2015.

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