98th Euroconstruct Conference: European Construction Market Outlook until 2027 – Austrian Construction Market Development. Country Report Austria

Austria's economy remains in recession, with GDP contraction expected in 2024 and modest recovery projected for 2025. Inflation is easing, but high savings and uncertainty suppress consumer spending. The labour market is weakening, and public finances are under strain, limiting economic growth. Construction is severely impacted, with residential and non-residential sectors experiencing significant declines due to high costs and financing challenges. Civil engineering, however, shows resilience, driven by environmental and infrastructure investments. A gradual recovery in construction is anticipated from 2025, supported by easing interest rates and government initiatives.