Market monitor : focus on construction sector performance and outlook

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      <subfield code="a">There are certain issues and patterns that construction industries have in common in any country, regardless of their performance in individual markets: a high level of competition, low profit margins, the fact that public buyers generally pay late and that there is a higher than average proportion of business failures. Long payment duration and cash flow problems/weak financials of smaller construction companies are issues in almost every market. Construction remains a cyclical industry, i.e. the performance of building companies is closely linked to a country's economic growth, investor sentiment and business and consumer confidence. Therefore, current downside risks to the global economic outlook (such as an escalation of trade disputes and growing political uncertainty) that could adversely impact investments and confidence across markets, would also affect construction performance in many countries.</subfield>
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