Euroconstruct forecasts only a slight rise by 2022

10.01.2020 − 

Construction research network Euroconstruct anticipates building work to increase only slightly in the 19 member states up to 2022. According to the press released published at the end of November after the latest Euroconstruct conference in Warsaw, an increase of 2.3% in real terms vis à vis 2018 is expected for 2019. Up to 2022 annual increase rates are expected to amount to only approximately 1%. In 2017 (+3.9%) and 2018 (+3.2%) building work increased at more significant rates. Despite the increases achieved in recent years, figures are still significantly lower than the peak level recorded prior to the financial crisis in 2008.

Accumulated over the next three years, Euroconstruct forecasts the most significant increases for Ireland (+30.1%), Hungary (+16.6%) and Poland (+15.4%). In countries with the largest building volumes, only slight increases are anticipated. For Germany, following an increase in 2019 (+0.8%), a decline of 0.6% to 0.8%/annum is expected over the coming three years. In France the increase (+2.1%) achieved in 2019 is anticipated to decrease to +0.4% in 2020. Following a decline (-0.8%) in 2021, building work is expected to improve again in 2022 (+1.5%). In Finland and Sweden a year-on-year decline is expected in 2019 as well as in the subsequent three years.

Classified according to building sectors, in housing construction an increase of 0.5%/annum is anticipated between 2020 and 2022. Increase rates for non-residential construction (+1.0%) as well as road construction and civil engineering (+2.2%) are expected to be slightly higher.

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