Broad-based improvement in construction activity in September
Construction output rose by 11.5% YoY in September (ING: 4.5%; consensus: 5.9%), following an increase of 3.5% YoY in August. This is another sign that the economy is rebounding. Robust growth in infrastructure (civil engineering works +17.9% YoY, up from 11.8% in August) was accompanied by a rebound in building construction (+3.9% after -5.0% in the previous month) and double-digit growth (10% YoY vs 0.9% in August) in specialised works. The improvement in construction is also visible in the seasonally-adjusted data: +3.7% month-on-month.
Construction is another area of the Polish economy showing signs of revival
Construction output, %YoY
Source: GUS.
Civil engineering supported by EU funds
Continued double-digit…
