Euroconstruct expects 3.5% construction rise in 2017

22.01.2018 − 

For 2017 the construction research network Euroconstruct forecasts a 3.5% increase in construction work vis à vis the preceding year in the 19 member countries. This forecast was presented at the Euroconstruct conference held in Munich on 23 November.

The research group has therefore adjusted upwards the increase rate of 2.9% announced at the previous conference in Amsterdam on 9 June. According to Ludwig Dorffmeister, specialist for construction research at the ifo Institute, the last time a more significant level of growth was recorded in Europe was in 2006, i.e. shortly before the outbreak of the international financial crisis. Construction work also increased simultaneously in all 19 Euroconstruct member countries for the first time. Euroconstruct, however, expects somewhat lower increase rates for 2018 (+2.6%) and 2019 (+2.1%).

In parallel to the slightly weaker development in construction output overall, the increase rates in European housing construction are expected to decrease over the next three years from +8.9% (2017) to +4.4%, +2.4% and +0.8%. In 2020, building measures relating to existing buildings are likely to increase at a more significant rate again than new housing construction for the first time since 2014.

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