Construction market in Poland about to enter stabilisation phase

The past 18 months were particularly tough for the construction industry and companies operating in the sector. Declines in construction and assembly output combined with negative performance thinned out competition within the construction market. Numerous companies went bankrupt or were forced into restructuring, which in many cases led to lay-offs. However, the latest data shows a forthcoming stabilisation and an outlook for a more robust recovery in 2015.
The results of a survey of high-level professionals from the management and operating divisions of 200 largest Polish construction companies, which the market research company PMR conducted for the purpose of the report “Construction Sector in Poland H2 2013 – Development Forecasts for 2013-2016”, show that nearly one-third of building contractors did not make a profit in 2012, and one-fifth of them reported financial losses.

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