85th Euroconstruct Conference: European Construction Market Outlook Until 2020 – Continued Expansion of Austria's Construction Markets. Country Report Austria
Michael Klien and
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Michael Weingärtler: WIFO
in WIFO Studies from WIFO
Austria is on a track of economic expansion with solid growth in 2017 (GDP +2.9 percent). Strong foreign trade and high business confidence were driving industrial investments. Labour markets are improving – having a positive impact on private consumption which additionally supports the economic development. Therefore, the outlook for 2018 is more optimistic than previously anticipated. The construction business benefits from this economic framework. All construction segments are currently exhibiting growth, with the strongest increases in non-residential construction and civil engineering. The residential construction market in Austria is in the midst of an expansion phase where dynamics are expected to slow down towards 2020.
Date: 2018 Written 2018-06-22
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:61149
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