Business confidence in the construction sector improved slightly in Q2

Ukrainian construction companies have enough work lined up to last an average of six months

The business confidence index for the Ukrainian construction market rose by 1.9 percentage points (pp) in the second quarter of 2026 compared to the first quarter, reaching -25.7%. This was reported by the State Statistics Service.

According to a survey of companies in the construction industry, the assessment of current order volumes improved by 1.7 pp to -41.5%. Specifically, 54% of surveyed companies rated their current order volumes as normal for the season, while 45% rated them as insufficient.

Sixty-eight percent of respondents expect to raise prices for their services by the end of the second quarter of this year. Only 2% of respondents forecast a decrease in the cost of construction work, while 30% do not expect any changes in pricing policy.

According to the survey results, construction companies have an average of six months’ worth of orders, which corresponds to the pre-war level at the beginning of 2022.

In the second quarter of 2026, construction is expected to be negatively impacted by labor shortages (56.1%), financial constraints (48.2%), weather conditions (23%), insufficient demand (20.8%), and other factors (42.7%).

About 23% of the surveyed companies expect a reduction in the number of employees in April–June, while 57% believe that their numbers will remain unchanged, and 19% forecast an expansion of their workforce.

According to the State Statistics Service, 25% of respondents noted an increase in the volume of construction work completed last quarter, while 41% reported a decrease in volumes.

The survey revealed that virtually all Ukrainian construction companies find it quite difficult to predict future business developments.

As reported by GMK Center, the volume of construction work completed in Ukraine in 2025 increased by 12% year-on-year, to UAH 248 billion.  By segment, the increase in construction work volumes last year was as follows: non-residential construction—up 27.4% year-on-year, to UAH 81.1 billion; residential construction—up 13.6% year-on-year, to UAH 33.2 billion; civil engineering – by 3.6% year-on-year, to UAH 134 billion.