Positive Outlook for Construction Activity
The construction sector is projected to experience an uptick in activity during the first quarter of 2026. This anticipated growth is largely attributed to rising operations in the 'Building Construction' and 'Civil Engineering' segments, alongside a forecasted decline in the 'Specialized Construction Works' sector.
According to recent quarterly economic surveys conducted by the HCP, this positive trend in construction is expected to coincide with an increase in employment levels within the industry.
Performance in Q4 2025
The HCP also reported that the construction sector experienced growth in the fourth quarter of 2025. This increase was primarily driven by heightened activity in the 'Civil Engineering' and 'Specialized Construction Works' sectors, while the 'Building Construction' segment remained stable.
Order books within the construction industry were reported to be at normal levels, although employment figures showed no significant change.
Production Capacity and Challenges
Under these circumstances, the production capacity utilization rate in the construction sector was recorded at 69%. Additionally, 9% of construction firms faced challenges in sourcing raw materials during the fourth quarter of 2025.
Financial conditions were deemed 'difficult' by 31% of business leaders in the sector, indicating ongoing economic pressures.
Investment Trends
Furthermore, the HCP highlighted that 39% of construction companies made investment expenditures in 2025, primarily aimed at replacing a portion of their equipment.
