92nd Euroconstruct Conference: European Construction Market Outlook until 2024 – Austrian Construction Market Development. Country Report Austria

Michael Klien and Michael Weingärtler
Additional contact information
Michael Weingärtler: WIFO

in WIFO Studies from WIFO

Abstract: The economic picture in 2021 turned out better in the Austrian construction sector than predicted six months ago. Current official baseline data show a smaller decline in construction in 2020. Additionally, strong momentum in the first half of 2021 points to a significantly higher increase in construction output in 2021. Growth in the construction sector as a whole thus remained close to the overall European trend. Non-residential and civil engineering showed a relatively strong expansive development in 2021 which can be seen as a counter-reaction to the negative impact of the pandemic in the year before. Residential construction, which recorded the smallest declines and is already at a high level, shows the lowest growth potential.

Keywords: Construction Market; Forcasts; Housing; Residential; Non-Residential; Civil Engineering (search for similar items in EconPapers)
Date: 2021 Written 2021-11-17
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/69157 abstract (text/html)

Related works:
Book: 93rd Euroconstruct Conference: European Construction Market Outlook until 2024 – Austrian Construction Market Development. Country Report Austria (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:69157

Access Statistics for this book

More books in WIFO Studies from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().