PRLog (Press Release) – Jun 25, 2011 – BMI View: Poland remains on course for a slowdown following exceptionally strong growth over recent years. The country, which has been an outperformer in Europe since 2008, will fall in line with the rest of the region beyond 2011, as construction markets in Europe experience a recovery while Poland experiences a slowdown. Poland's construction industry has been growing at artificially high levels over recent years as the Euro 2012 tournament has acted as a stimulus for projects. As the preparations draw to a close over the course of 2011, we expect the industry will normalise and develop a more sustainable growth trajectory.
Poland's construction industry has outperformed the Europe region as a whole over the past five years, with average industry growth of 8.9% a year between 2005 and 2009, compared to 3.8% for Europe. The divergence is most notable over the past two years. Indeed, in 2009 when Europe's construction industries experienced deep recessions (with a calculated average contraction of -14.6%) Poland experienced a spike in growth. According to recently revised data, 9.9% industry growth was reported for the year, making it not just a regional, but a global outperformer.
--------------------------------------------- ---------------Full Report Details at - http://www.fastmr.com/prod/171508_poland_infrastructure_ ... ------------------------------------------------------------
Key growth drivers have been:
* Euro 2012 preparations: this has catalysed planned investment into the transport sector, specifically in airports, roads and railways. In addition, const Kenmore Bisque 15 inchi ruction of stadia, hotels and related tourism infrastructure has buoyed the residential and non-residential building subsector. * Road building programme: Poland's road building programme, running from 2007 to 2015, is expected to lead to US$60bn worth of investments into the sector. The programme has been a blessing for European construction majors and Poland's largest builders over the past 24 mo manual trash compactor nths, who have faced depleted contract opportunities in other core European markets. * EU Cohesion funds: The EU has allotted substantial funding for Poland's infrastructure sector in an effort to integrate the country into the EU's transport trash bins and energy networks. Geographically placed between Eastern and Western Europe, it is hoped Poland will act as a bridge between the two.
The substantial activity seen across Poland's construction sector has positioned the country as a safehaven for construction companies over the past 24 months. Europe's largest players, including Skanska, Strabag, Hochtief and Bouygues, and the building materials providers such as Lafarge, all saw order book growth in 2009 and H110 from Poland. Poland's local construction companies, Budimex (a unit of Spain's Ferrovial) and Mostostal Warszawa both performed well in the first half of the year. Budimex's net profits grew 68% in H110 owing to road building activity, residential construction and EU integration w garbage compactor review ork (for more information please see the Budimex company profile).
Growth Slowing
However, BMI expects that by 2013, Poland will no longer outperform the regional average growth. As anticipated, 2010 growth fell short of 2009's highs. Growth has come in slightly lower than expected at 3.8% (compared to 4.6% forecast), reaching a nominal value of PLN92.2bn, according to preliminary estimates by the Central Statistical Office of Poland. This slowdown in growth is forecast to continue over the medium term, with the country unlikely to see growth rates of above 5% for some considerable time. Between 2011 and 2015, real growth of 3.5% year-on-year (y-o-y) is anticipated.
Investments related to the Euro 2012 Draw to a Close
Naturally, following the preparations for a large sporting tournament, investment into related infrastructure drops considerably. This slowing of investment could be the first sign of momentum faltering, with the tournament just over a year away. However, it must also be noted that the relative performance of the rest of Europe is expected to improve by 2013. Following deep contractions across the continent, activity should resume in 2011, and momentum should have picked up by 2013. However, protracted economic weakness in Western Europe could delay this.
Despite slowing growth, Poland's construction industry will still create significant value over the medium term and will remain one of our favourite markets in Europe owing to its substantial transport investment programme; investment plans for the energy sector, including two nuclear power plants, and the attractive business environment.About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. 1086274749 Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010
Ab out Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Get automobile news and garbage compactor
0 komentar:
Posting Komentar