Construction sector will slow down
Output in the construction sector will rise 2.4% in 2019, according to a survey among construction firm managers by CEEC Research. The growth pace will fall from 10.5% in the third quarter of 2018 to zero in 2020. Infrastructure firms are more optimistic in their 2019 outlook (6%). Companies have contracts for a further 7.6 months (nine months last year). They complain about a steep rise in the price of labor (+15% annually) and materials (13%).