14:32 3 September 2024
Construction workers optimistic about work future as companies invest in projects
Nearly one-third of construction companies expect higher revenues, and one-quarter plan to increase their investments, according to the EFL Barometer. The survey also shows that 29% of firms anticipate improved financial liquidity, while only 4% expect deterioration.
Investor optimism is growing, with 23% of construction firms forecasting investment increases for Q3 2024, up 4 percentage points from the previous quarter. However, 68% believe their investment levels will remain unchanged. Concerns about worsening business conditions due to rising inflation have decreased to 14%, the lowest among surveyed sectors.
The EFL Barometer for Q3 2024 stands at 54.1 points, down 4.6 points from the previous quarter but still above the 50-point threshold, indicating stable sentiments. EFL President Radosław Woźniak highlighted that while there's been a drop, it’s the first in a year and does not necessarily signal a downturn, noting that construction firms are hopeful for benefits from the National Recovery Plan and the "Mieszkanie na Start" credit program.
