Builders fill with optimism // Business climate monitoring

The index of entrepreneurial confidence in the construction industry in the ongoing third quarter was minus 13%, according to a survey by the HSE ISSEK Center for Market Research. This is 1 percentage point (p.p.) less than it was in the second quarter, and 4 p.p. - in the first (then the figure was minus 9%). Despite the decline, according to experts, the index continues to fix “at one of the most positive values” for the industry after the recessions of 2015 and 2020. chronically in the negative zone). If in the first and second quarters the estimate of the volume of orders was at the level of minus 25-26%, then in the third it dropped to minus 29%. At the same time, the HSE notes, the figure is higher than the level of 2021 (minus 31%). Estimates of the physical volume of work also continued to deteriorate - from minus 1% in the second quarter to minus 4% in the third. So, almost half of construction companies note that the amount of work is not…



Source link