Forecasts for the Austrian construction industry point to a slight decline in 2023. Despite the downward trend, construction
costs are at a high level and rising financing costs in particular are dampening the development of the Austrian construction
industry. New residential construction will be particularly affected. The decline in the Austrian construction industry is
expected to intensify slightly in 2024 and the construction industry is not likely to benefit from the improved macroeconomic
environment until 2025.
Research group:Regional Economics and Spatial Analysis
