Building And Construction In Asia Pacific > Philippines > Philippines

Philippines: Building and Construction in the Philippines 2020-2024: December 2020 Update

Total construction work done is now anticipated to decline 25.3% (down from a previous -14.0%) in 2020 as both weak domestic and global demand see total building (-18.5%) work done remain lackluster. The sector has also suffered from continued construction work delays due to the evolving Covid-19 restrictions which has placed downward pressure on both demand and supply sides. The slow disbursement of stimulus’ has also placed a drag on civil engineering (-14.7%) work done, as infrastructure projects ‘wait in the wings’.​

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