Polish Construction and Assembly Output in the Period 2005-2008 will Grow on Average by 13% a Year

Polish construction and assembly output in the period 2005-2008 will grow on average by 13% a year, most strongly in those regions with the highest share of domestic construction and assembly output, according to PMR forecasts. The Mazowieckie, Slaskie, Wielkopolskie and Dolnoslaskie voivodships are forecast to see the fastest growth in residential and non-residential construction and in civil engineering.

(PRWEB) September 23, 2005 -- Construction and assembly output in the period 2005-2008 will grow on average by 13% a year, most strongly in those regions with the highest share of domestic construction and assembly output, according to PMR forecasts. The Mazowieckie, Slaskie, Wielkopolskie and Dolnoslaskie voivodships are forecast to see the fastest growth in residential and non-residential construction and in civil engineering.

Recovery in the construction sector in all voivodships
According to the PMR report The Polish construction sector -- Regional analysis and forecasts for 2005-2008" the already visible recovery in the construction sector will improve the situation for construction firms active in all regions of Poland. PMR forecasts construction and assembly output in the period 2005-2008 to grow on average by 13% a year. By comparison, in the period 2001-2004 construction and assembly output fell on average by 3% a year. Growth will appear in all segments of the construction market with the strongest growth in non-residential construction. Sales of civil engineering and residential services will grow only slightly slower," says Szymon Jungiewicz, senior construction sector analyst at PMR.

The largest rise in construction and assembly output is expected to be noted in the Lubelskie vovoidship -- a relatively small region in terms of construction and assembly output sales, where in the period 2005-2008 average growth is forecast to exceed 19%. This is expected to be the result of a faster rise in investment outlays than in previous years, from which companies specializing in non-residential and engineering works will benefit most. In the following voivodships -- Malopolskie, Slaskie, Dolnoslaskie, Pomorskie and Lodzkie -- average rises in construction and assembly output in the period 2005-2008 should range from 16-19% a year.

In the Mazowieckie voivodship -- by far the most developed economic region in Poland -- a strong rise in construction and assembly output is expected at an average annual level of just under16%. The weakest growth is expected in those voivodships with the lowest share of the domestic construction and assembly sector: Oplskie, Swietokrzyskie, and also Kujawsko-Pomorskie.

Further growth in the significance of the most developed regions
Those voivodships with the largest share of domestic construction and assembly output will continue to strengthen in the period 2004-2008, while those least developed in terms of construction and assembly output will fall. The share of the most economically developed voivodships in domestic construction and assembly output is expected to grow from the 32% noted in 2004 to 34% in 2008.

PMR analysts expect the Wielkopolskie and Slaskie regions to experience special circumstances, in 2005 noting falls, followed by very dynamic growth in subsequent years in the construction sector. Production will also grow in the Malopolskie and Dolnoslaskie voivodships. Thanks to this improvement in the share of the above mentioned four voivodships, excluding Mazowieckie, construction and assembly output is expected to rise from 35% to 37% of domestic construction and assembly output in 2008.

Mazowieckie, Slaskie, Wielkopolskie, and Dolnoslaskie to note fastest growth
Analyzing the trends in the key segments of the building market in the period 2005-2008 -- in residential construction, non-residential construction and civil engineering -- one can state that all of these segments will develop fastest in one of the five most developed construction sector regions of Poland: Mazowieckie, Slaskie, Wielkopolskie, Malopolskie and Dolnoslaskie.

In the years 2004-2008:
- Residential construction will grow fastest in the Mazowieckie and Malopolskie voivodships, where developers are particularly active
- Leaders in terms of rates of growth in construction and assembly output connected with non-residential construction will be: Mazowieckie, which is already the centre of the commercial property market, and Slaskie, Wielkopolskie, Dolnoslaskie and Lodzkie
- Most civil engineering works are expected to take place in three voivodships: Mazowieckie, Slaskie and Wielkopolskie; currently, construction companies from these three regions combined realize 53% of all national civil engineering works, which is due to the large investment in transport and industrial infrastructure in these the fastest growing economic regions of Poland.

The value of construction and assembly output in selected regions is for companies registered on the terrain of the given voivodship.

You are welcome to contact the author of the report:
Szymon Jungiewicz, Construction Analyst
PMR Publications
tel. (+48 12) 410 21 18

More information about the report:
Marketing Department
Tel. (+48 12) 428 03 61

About PMR:
PMR Ltd. www.pmrcorporate.com is a publishing, consulting and market research company providing information, advice and services to international businesses interested in Central and Eastern Europe. With highly skilled staff, top ranked web sites and 10 years of experience, PMR is one of the largest companies of its type in the region.

PMR
ul. Supniewskiego 9, 31-527 Krakow, Poland
tel. /4812/ 428 03 60, fax /4812/ 413 40 12
www.pmrcorporate.com

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