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Research & Studies

Decline to slow down, complete recovery to take longer. Quarterly analysis of the Czech Building and Construction industry.

CEEC Research in cooperation with KPMG Czech Republic and Ipsos Tambor conducted a research based on interviews with 100 construction company representatives. In their opinion, the decline of the industry in 2009 will not be as radical as previously expected, however, long-term outlook gets more pessimistic.

Following are the main findings of the study:

• Companies expect 8 percent decline of the industry in 2009 (compared to 11 percent in July).
• For 2010/2011 the companies predict further decline by 2 percent.
• The forecast of sales in 2009 is more optimistic - drop by 4.3 percent (compared to previous 6.6 percent).
• Improvement of their position on the market in 2009 is expected by 58 percent of the surveyed companies.
• Only 84 percent of the companies’ capacities are used.
• 56 percent of the companies have less contracts than they had 12 months ago.
• All the companies questioned are still limited in growth, particularly by insufficient demand.
• For 100 percent of the companies, increasing effectiveness of operation is priority No. 1 in the year to come.

To download the study click here.

AmCham Partners