Construction sector building investor confidence

Construction companies are attracting investors' attention. Since the middle of June, the value of such companies is growing day by day. WIG-Budownictwo's stock price has risen by 36% since June 14th, when it reached its lowest level. The improvement of the economic situation in this sector is caused not only by general stock market optimism but also by numerous contracts signed. The Central Statistical Office (GUS) predicts that production will rise in the following months. It also predicts the improvement of the financial situation of construction companies. Growing demand for construction services should cause an increase in prices as well as an increase in profitability for such companies. It is also clear from GUS data that there is a growing boom on the housing market. In the first half of 2006, the number of flats built for sale rose by 12.5%. (Rzeczpospolita, B1) M.M.