85th Euroconstruct Conference: European Construction Market Outlook until 2020 – Construction Continues to Grow in Europe. Summary Report

The construction forecasts presented at the 85th Euroconstruct conference confirmed the strong growth in 2017. Total construction output in 2017 was slightly revised upwards to +3.9 percent in 2017 at constant prices compared to the previous year. High business confidence and a sound foreign trade (exports +4.8 percent) were driving industrial and construction investments. Construction growth in European residential construction was comparatively high in 2017 (+4.7 percent) but it has already lost momentum compared to 2016. Especially in the housing segment and in non-residential construction, a continued slowdown is expected towards 2020. On the other hand, a backlog in public infrastructure investments, particularly in the transport segment, will generate significant growth in several European countries in the upcoming years. 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 Anders Bjerre, Markku Riihimäki, Antonella Stemperini, Mariusz Sochacki