In the 1st quarter of 2025 the construction confidence indicator (CCI) decreased by 1.7 pts to 0.3 pts. It is continuing to maintain the year-over-year growth – it is now 10.8 pts higher than one year ago.
The first quarter is usually a period of seasonal slowdown which manifests in a decline in orders, production, capacity utilization and employment. The year 2025 is no different – in the 1st quarter the balance of production decreased by 24 pts (compared to the 4th quarter of 2024), the balance of total orders dropped by 9.0 pts, the balance of capacity utilization by 7.4 pts, and the balance of employment by 16.7 pts. All the balances (excl. employment) are now well below their long-term averages. Firms negatively assessed their financial situation, the current economic situation in the construction industry and general economic situation in Poland. They expect, however, that business activity will recover in the 2nd quarter.
Researches
Konrad Walczyk, kwalcz1@sgh.waw.pl
Ewa Ratuszny, eratus@sgh.waw.pl