Following a significant fall in 2016's construction output, we expect to see a clear improvement this year and also continue to grow between 2018-2020 - predicts Cezary Bernatek, an analyst at Haitong Bank.
As key-factors will drive growth in the industry, Haitong Bank analysts share the expected recovery in the road construction segment and believe in a peak for road expenses in Poland between 2018-2020. As for the railway construction segment, analysts expect a massive increase in PKP PLK's investment and in construction output in short-to-mid-term with it's peak coming in 2019-2021.
When it comes to the residential construction segment, Haitong Bank expects another strong performance in 2018, before a moderate decline in the next two years. In the case of commercial construction, analysts forecast significant deceleration in 2018 and stabilization, after the solid numbers registered this year.