Posted in | News

Polish Construction Industry Value Increases at 3.93% CAGR During 2008-2012

Editorial Checklist Reviewed
Dec 3 2013

Research and Markets has announced the addition of the "Construction in Poland - Key Trends and Opportunities to 2017" report to their offering.

The Polish construction industry increased in value at a compound annual growth rate (CAGR) of 3.93% during the review period (2008-2012). The commercial and infrastructure construction markets drove this growth. European Union (EU) funds and the 2012 UEFA European Championship supported the infrastructural improvements. The Polish economy demonstrated strong resilience during the financial crisis due to strong domestic demand and consumption, and a flexible currency. Poland was the only country in Europe to avoid the recession in 2009. However, growth in the industry is expected to be moderate over the forecast period (2013-2017), as a result of rising unemployment rates and low wage growth. The industry is expected to record a forecast-period CAGR of 0.33%.

Key Highlights

  • Poland's GDP growth is expected to slow further to 1.4% in 2013, its lowest growth since 2002, underpinned by weaker exports demand from the Eurozone, falling consumer expenditure and fiscal tightening measures. However, the economy is expected to recover modestly from 2014 and will grow by 2.4%, supported by a gradual rise in private consumption and investment. GDP growth is expected to improve further in the remaining part of the forecast period, growing by 3.5%, mainly supported by the new EU financial framework (2014-2020).
  • Many construction companies filed for bankruptcy as a result of rising input costs. PBG SA, the third-largest construction company in Poland, was in PLN1.5 billion worth of debt and filed for bankruptcy in June 2012, the largest corporate bankruptcy. Continued deferred payments from customers and rising costs led PBG into deep financial crisis. Dolnoslaskie Surowce Skalne (DSS), a major Polish construction company which was involved in the construction of the A2 highway, also filed for bankruptcy in 2012.
  • Tourism is a key sector in Poland's economy, both in terms of contribution to GDP as well as growth in the employment rate. In 2012, the travel and tourism sector contributed 5% to the total GDP, and 4.9% to total employment.

Companies Mentioned:

  • Polimex-Mostostal SA
  • Budimex SA
  • Mostostal Warszawa SA
  • Trakcja SA
  • Mostostal Zabrze Holding SA

For more information visit http://www.researchandmarkets.com/research/px7n9r/construction_in

Source:

http://www.researchandmarkets.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit
Reducing Embodied Carbon Through Design

Reducing Embodied Carbon Through Design

With an increase in the pressure to decarbonize the built environment and build more carbon-neutral buildings, the reduction of embodied carbon has become of great importance.

Calcium Carbonate Concrete: Building on Recycling

Calcium Carbonate Concrete: Building on Recycling

AZoBuild talks to Professors Noguchi and Maruyama about their research and development of Calcium Carbonate Concrete (CCC), a new material that has the potential to cause a sustainable revolution in the construction industry.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback