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Banks remain rather cautious in providing loans to the industry due to the large number of insolvencies and generally volatile market demand situation.
The profit and loss accounts of businesses active in energy-intensive segments (e.g. cement) are negatively affected by elevated electricity and gas costs.
While mining-related activity could decline further the prospects for growth in other parts of engineering and non-residential construction are improving.
The outlook for 2018 remains subdued and the already low profit margins of many construction businesses are expected to deteriorate further in H1 of 2018.