76th Euroconstruct Conference: European Construction Market Outlook until 2016 – Slight Recovery Expected in 2014. Summary Report

N. N.

in WIFO Studies from WIFO

Abstract: The performance of the European construction industry remains poor. Nevertheless a slight increase in total output is expected for 2014, however from a very low level. The turbulences in many European housing markets seem to come to an end. Residential production is expected to expand again from 2014 onwards. The non-residential sector will return to a growth path in 2015, reflecting – with a slight lag – the anticipated improvement of the overall economy and corporate profits. In recent years, public consolidation measures took a sizeable toll on the civil engineering sector. Public expenditure cuts will continue to be a limiting factor for growth, but aspects such as maintenance work for infrastructure and factors related to environmental and energy policy will lead to an increase in output until 2016. Next to EU funds economic growth will also play an important role for this. The Euroconstruct Summary Report provides a macroeconomic analysis and an overview of the European construction industry by sectors (housing, non-residential construction and civil engineering; new and renovation, respectively) up to 2016.

Date: 2013 Written 2013-12-12
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