The construction sector stable in Q1-2023

The construction sector stable in Q1-2023

The High Commission for Planning (HCP) reported stable activity in the construction sector in the 1st quarter of 2023 (Q1-2023).

This development would have been due, on the one hand, to the increase in activity in “Civil engineering” and, on the other hand, to the drop in activity in the branch of “Specialized construction work”, indicates the HCP in a note on the main assessments of business leaders as they emerge from the business tendency surveys carried out for Q2-2023, among companies operating in the sectors of manufacturing, mining, energy, environment as well as construction.

Order books in construction would have been at a lower level than normal and employment would have been stable. Under these conditions, the production capacity utilization rate (TUC) in the construction sector would have been 68%, the note said. In Q1-2023, 19% of construction companies would have encountered difficulties in the supply of raw materials and cash flow would have been considered “difficult” by 44% of business leaders.

In addition, the expectations put forward by business leaders in the construction sector for Q2-2023 show, overall, an increase in activity. This development would result, on the one hand, from the increase in activity expected in the branch of “Civil engineering” and, on the other hand, from the decrease in activity expected at the level of the branch of “Specialized construction work “.

This development in the construction sector would be accompanied by a stability in the workforce employed.


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