98th Euroconstruct Conference: European Construction Market Outlook until 2027 – European Construction Sector Set for Moderate Recovery in 2025. Country Reports

At its 98th conference, organised by CRESME Ricerche in Milan on 3 December 2024, Euroconstruct presented its winter forecast on the development of the European construction markets. The current forecast confirms the renewed downturn in 2024, which is even slightly more pronounced than in the previous year. From a regional perspective, the Scandinavian countries and some Eastern European countries will be the hardest hit. Dampening factors include high construction costs and interest rates, albeit on a downward trend. The output in construction is expected to grow only slightly in 2025, with a more positive outlook from 2026. The Euroconstruct Country Report provides detailed information on construction market trends and fundamentals in each of the 19 Euroconstruct member countries until 2027. The forecasts and analysis are presented at country level and are based on a comparable, harmonised data set for the main construction sectors and indicators. The macroeconomic framework is also included. With contributions from Anne-Sophie Alsif, Marie Bydžovská, Mohammed Chaudhri, Antonio Coimbra, Ludwig Dorffmeister, Josep R. Fontana, János Gáspár, Roch-Eloi Grivet, Paul Groot, Annette Hughes, James Ison, Michael Klien, Radovan Kostelník, Nathalie Kouassi, Martin Kyed, Max de Lange, Vladimír Lenko, Jean-Pierre Liebaert, Lasse Lundqvist, Nejra Macic, Pascal Marlier, Antonio Mura, Mårten Pappila, Markku Riihimäki, Lorenzo Rodriguez-Fernandez, Radislav Semenov, Stefanie Siegrist, Mariusz Sochacki, Antonella Stemperini, Mercedes Tascedda, Ludvig Uggla, Michael Weingärtler.