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Economy – real estate. The slowdown will hit one industry in particular

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The economic slowdown affects the construction industry the most, after the residential real estate market was frozen, the Polish Economic Institute informed in a comment to Friday’s data from the Central Statistical Office on changes in the REGON register.

The Institute’s analysts indicated that 5,000 were deregistered in January. 200 construction companies – 607 more than a year ago (13.2%). This is the result of the freezing of the real estate market after interest rate increases and a reduction in the creditworthiness of households.

Improvement in the second half of the year

They point out that there is currently a decrease in deregistrations in industries such as trade and finance – by 4% and 4% respectively. and 7 percent

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According to PIE experts, the scale of suspension of operations will decrease in the coming months along with the economic rebound in the third and fourth quarters of this year.

As reported by the Central Statistical Office on Friday, in January 30,000 were deregistered from the REGON register. 27 companies, it is 57.8 percent more. more than last December. At the same time, 35,000 were registered in January. 456 companies, by 24.9 percent. more than in December 2022. The number of companies with suspended operations increased by 3.4 percent. m/m up to 680,000 257.

The Central Statistical Office also reported that an increase in the number of entities deregistered compared to the previous month was recorded for natural persons conducting business activity (by 59.6 percent) and companies (by 47.3 percent).

Main photo source: Shutterstock



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