Survey results - the third quarter of 2025
In the 3rd quarter of 2025 the construction confidence indicator (CCI) dropped by 1.8 pts to 9.3 pts. It is 5.4 pts down from the respective year 2024 figure. Usually, we observe a rise in construction activity in the third quarters. This year the outlook is slightly different from what we got used to. The balances of production, capacity utilization, employment and financial situation of construction firms increased, but they are still lower than a year ago. The surveyed firms consider the current situation in the industry and in the country being rather ‘not up to scratch’, and they are expecting it to worsen in the coming quarter.

Researches
Konrad Walczyk, kwalcz1@sgh.waw.pl
Ewa Ratuszny, eratus@sgh.waw.pl
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