84th Euroconstruct Conference: European Construction Market Outlook Until 2020 – Austria's Construction Market on a Robust Growth Path. Country Report Austria

Michael Klien and Michael Weingärtler
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Michael Weingärtler: WIFO

in WIFO Studies from WIFO

Abstract: Austria's overall economic performance was much stronger than expected half year ago leading to a GDP growth of 2.8 percent in real terms compared to the previous year. The 84th Euroconstruct conference showed that the dynamic economic upswing also influenced the construction sector positively, leading to a growth pattern similar to the overall economy. Industry surveys from the WIFO-Konjunkturtest confirm this positive picture: since spring 2017, the assessments of Austrian construction firms about the future business situation are on a extraordinarily high level. Such optimistic expectations were last recorded in the 1990s. Additionally over 80 percent of the construction companies stated to have an at least sufficient stock of orders. All construction segments are currently exhibiting positive growth trends, with the strongest increases in non-residential construction and civil engineering. Construction growth will continue in the upcoming years, but speed will slow down towards 2020.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:60787

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