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The Czech construction industry saw a steady decline in activity during the review period, registering a CAGR of -5.65%. The country’s export-oriented manufacturing sector observed a fall in investment following the financial crisis. This, along with a decline in employment and low wage growth, led to a steady fall in domestic economic activity and demand for new construction projects. Supply has been hampered as developers are wary of the economic situation and have postponed new projects until conditions improve.