In the 4th quarter of 2025 the construction confidence indicator (CCI) declined by 9.4 pts to -0.1 pts. It is now 2.1 pts down from the respective year 2024 figure. In comparison to the 4th quarter of 2024 business confidence in the construction industry is clearly lower. Construction firms reported diminishing demand and cost pressure. Almost ⅔ of the surveyed companies complained about excess tax burden, and a half of them reported common law rules being too variable and high competition making profitability hard to maintain. Most of the survey balances (production, domestic and export orders, employment, financial situation, general economic situation in the country and in the industry) dropped, and are expected to fall again in the next quarter. Apparently, business activity in the construction industry is heading downward in a short-term perspective.
Researches:
Konrad Walczyk, kwalcz1@sgh.waw.pl
Ewa Ratuszny, eratus@sgh.waw.pl