100th Euroconstruct Conference: European Construction Market Outlook until 2028 – European construction set for gradual recovery after a two-year decline. Summary Reports

Euroconstruct

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Abstract: The 100th Euroconstruct Winter Forecast presents a cautiously optimistic outlook for European construction from 2025 to 2028, following a challenging two-year contraction period. After a decline in 2024, the sector is forecast to stabilise with 0.3 percent growth in 2025 and accelerate stronger in 2026 as financing conditions improve. Civil engineering emerges as the strongest performer, expanding consistently through 2028, while residential construction remains the primary drag on growth, with a genuine rebound only materialising in 2027. Non-residential construction shows moderate recovery. The composition of growth is shifting: new construction and civil engineering will increasingly drive the cycle from 2025 onwards, while renovation enters a phase of lower expansion. National trajectories remain highly heterogeneous, with Ireland, Poland, Sweden, and the UK leading the recovery. Overall, the combination of improving financial conditions, long-term infrastructure programmes, and sustained renovation demand should help stabilise the sector in 2025 and support broader growth from 2026 onward. With contributions from Arthur Cluet, Ludwig Dorffmeister, Roch-Eloi Grivet, Nathalie Kouassi, Nejra Macic, Markku Riihimäki, Adam Sochacki, Marte Strømme Svenberg.

Keywords: Europe; Construction; Housing; Building; Civil Engineering; Forecast; Economy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:65062762

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