The construction sector in Portugal reached maximum confidence levels, not seen since the turn of the millennium, suggesting positive signals for investment. This optimism comes in a context where the Recovery and Resilience Plan (RRP) has ended and public works have declined.
The construction sector represents half of national investment, which makes this evolution particularly significant for the Portuguese economy. The high confidence indicates positive prospects from sector professionals.
The evolution of the order book has been defying forecasts of a possible post-European funds hangover, suggesting that the sector may be more resilient than expected after the end of RRP funds.
