ING Economics: "Low growth expected in Polish construction sector"

[FXMAG]

Polish contractors have made a promising start in 2022. However, the Ukraine war, higher interest rates, soaring building material prices and labour and material shortages are putting pressure on production levels. Yet, we think there will be marginal room for construction output growth this year and next

In this article
Polish construction sector made a promising start in 2022
Poland: sixth largest construction sector in Europe
Still well-filled order books
A record number of contractors face material shortages
Higher sales prices
Building sector: a small majority of companies have witnessed a decline in production
Issuance of residential building permits stable
EU funds could boost the infrastructure sector
Strong decline in Polish contractor bankruptcies
Low Polish construction output in Poland in 2022 and 2023

https://www.fxmag.com/forex/ing-economics-low-growth-expected-in-po...