84th Euroconstruct Conference: European Construction Market Outlook Until 2020 – Construction Sectors Grow in All 19 Euroconstruct Countries in 2017. Summary Report
Studies, November 2017, 196 pages,
Editors: Euroconstruct
Online since: 30.11.2017 0:00
The construction forecasts presented at the 84th Euroconstruct conference show a strong development in the construction industry in 2017. Total construction output is expected to grow dynamically by 3.5 percent in 2017 (constant prices) compared to the previous year. The favourable development is driven by robust economic growth and its positive implications for household income, corporate profits and public finance. This resulted in slightly higher annual growth in 2017 than expected. Growth rates will slow to some extent towards 2020 in both residential construction and non-residential construction, while civil engineering will take over the role of market driver in the medium term. The civil engineering sector is expected to grow at a rate of over 4 percent in 2018 and 2019, respectively. The Euroconstruct Summary Report provides a macroeconomic analysis and an overview of the European construction industry by sectors (housing, non-residential construction and civil engineering; new and renovation, respectively) up to 2020. – With contributions by Ludwig Dorffmeister, Bengt Henricson, Josep R. Fontana, Pekka Pajakkala.
Research group:Regional Economics and Spatial Analysis

Related issues

Austria's overall economic performance was much stronger than expected half year ago leading to a GDP growth of 2.8 percent in real terms compared to the previous year. The 84th Euroconstruct conference showed that the dynamic economic upswing also influenced the construction sector positively, leading to a growth pattern similar to the overall economy. Industry surveys from the WIFO-Konjunkturtest confirm this positive picture: since spring 2017, the assessments of Austrian construction firms about the future business situation are on a extraordinarily high level. Such optimistic expectations were last recorded in the 1990s. Additionally over 80 percent of the construction companies stated to have an at least sufficient stock of orders. All construction segments are currently exhibiting positive growth trends, with the strongest increases in non-residential construction and civil engineering. Construction growth will continue in the upcoming years, but speed will slow down towards 2020.
The latest construction market forecasts presented at the 84th Euroconstruct conference show two remarkable trends: First, growth in construction output reached its highest value since 2006, shortly before the breakout of the international financial market crisis. Second, in 2017 the European construction market expanded on a broad basis: for the first time since German reunification all countries exhibit a growth in construction. From the current point of view the probability is high that this positive market development will continue during the next years. – With contributions by Anders Bjerre, Jan Blahoňovský, Ludwig Dorffmeister, Josep Ramon Fontana, Anne Kathrin Funk, Anna Gáspár, Paul Groot, James Hastings, Bengt Henricson, Annette Hughes, Michael Klien, Vladimir Lenko, Jean-Pierre Liebaert, Nejra Macic, Ciara Morley, Renaud Muller, Barbora Pospíšilová, Markku Riihimäki, Emmanuel Rozenkier, Radislav Semenov, Mariusz Sochacki, Antonella Stemperini, Amaury de Souancé, Deogratias Urayeneza, Conceição Vital, Michael Weingärtler, Youssef Yacoubi.
Workshops, conferences and other events, Munich, 23.-24.11.2017,
Organised by: Euroconstruct
Online since: 09.08.2017 0:00
WIFO's Euroconstruct partner, the ifo Institute, is hosting the 84th Euroconstruct conference in November 2017. The conference deals with European construction market forecasts to 2020. Special lectures on Iran and Mexico will be additionally covered by the Munich programme. A pre-conference event is scheduled on the evening before the conference. The first part of this event is reserved for a key-note speech on European real estate markets and a focus on Germany. This will take place at the University of Munich (LMU). The second part will be a social event with gala dinner at the Olympic Tower.