85th Euroconstruct Conference: European Construction Market Outlook until 2020 – Construction Continues to Grow in Europe. Summary Report

Euroconstruct

in WIFO Studies from WIFO

Abstract: The construction forecasts presented at the 85th Euroconstruct conference confirmed the strong growth in 2017. Total construction output in 2017 was slightly revised upwards to +3.9 percent in 2017 at constant prices compared to the previous year. High business confidence and a sound foreign trade (exports +4.8 percent) were driving industrial and construction investments. Construction growth in European residential construction was comparatively high in 2017 (+4.7 percent) but it has already lost momentum compared to 2016. Especially in the housing segment and in non-residential construction, a continued slowdown is expected towards 2020. On the other hand, a backlog in public infrastructure investments, particularly in the transport segment, will generate significant growth in several European countries in the upcoming years. 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 2020. – With contributions by Anders Bjerre, Markku Riihimäki, Antonella Stemperini, Mariusz Sochacki

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:61147

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