77th Euroconstruct Conference: European Construction Market Outlook until 2016 – European Construction Market is Reaching Firmer Ground. Country Reports

N. N.

in WIFO Studies from WIFO

Abstract: Total construction output within the 19 Euroconstruct countries is expected to grow by 1.8 percent p.a. on average from 2014 to 2016. The development in Europe is still very diverse. Highest growth rates are expected in Ireland (+9.7 percent) and in Eastern Europe (Poland +4.2 percent, Hungary +4.1 percent) which can be seen as a catch-up process. Within the five largest European countries, UK and Germany show the best outlook for 2014 with growth rates of 4.4 percent and 2.9 percent, respectively, mainly thanks to the good performance of residential construction. Nevertheless, considering the sharp decline in construction in the recent past, overall growth is still minor throughout Europe. – The Euroconstruct Country Report provides detailed information on the construction market development and its fundamentals in each of the 19 Euroconstruct member countries until 2016. The forecasts and analyses are presented on the country level and are based on a comparable harmonised dataset for the major construction sectors and indicators. The macroeconomic framework is also included.

Date: 2014 Written 2014-07-09
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