93rd Euroconstruct Conference: European Construction Market Outlook until 2024 – Austrian Construction Market Development. Country Report Austria
Studies, June 2022, 38 pages,
The recent Euroconstruct forecasts indicate a noticeable weakening of construction activity from 2022 onwards for Austria and Europe. Although the order situation in Austria remains strong, the assessment has changed significantly since the beginning of the year. While the Austrian construction industry survived the immediate COVID-19 crisis relatively unscathed, the sector has been struggling with ongoing construction cost problems since the exceptionally rapid recovery in 2021. The construction industry has been particularly affected by price increases in essential commodities such as steel and oil. Economic uncertainty is also increasing, further dampening the construction outlook until 2024.
JEL-Codes:L7, R21, R31
Keywords:Construction Market, Forecasts, Outlook, Residential, Non-Residential, Civil Engineering, Housing
Research group:Regional Economics and Spatial Analysis