Determinants of cyclical changes within the construction sector

Abstract

Motivation: The specifics and operation conditions of enterprises including the construction sector companies cause sensitivity to economic fluctuations manifested in the cyclical disorders of economic activity level (business cycles). Background research work is to determine the effect of internal and external environment on a range of determinants of the economic situation fluctuations potentially occurring in the sphere of the construction sector. Aim: The aim of this article is to present the main factors affecting economic condition fluctuations in the construction sector and their impact on company operation. Results: The result of the study and documents analysis will include identification of factors affecting to the highest degree the economic fluctuations in the construction sector and their impact on the functioning of the enterprise. These factors will be specified from among the macro-economic environment but mainly from the internal environment of the company. Developed proposals will be useful in building the short- and long-term operation strategy for both the construction companies and the entire sphere of the construction sector.