Construction industry expects nearly 4 percent growth in 2015

Construction industry will see overall production growth of 0.8 percent this year and of 3.9 percent in 2015, according to a survey conducted by consultancy KPMG, CEEC Research and Norstat Polska. In a similar survey conducted last year, companies expected to see a 1 percent decrease in production this year. As much as 59 percent of the respondents expect to see slight increase in the construction sector, over 10 points more than last year (48 percent). A quarter of those polled (27 percent) expect to see decline in the industry next year. “After a period of declines in the Polish construction industry, the market has stabilized. According to construction companies managers, the slow market growth will lead to a gradual increase in revenues,” said Jiri Vacek, CEO of CEEC Research. The survey was based on 100 telephone interviews with managers of small, medium-sized and large construction firms in Poland.