The Austrian construction industry will stagnate in 2022, despite high production increases. The massive increase in construction
costs, which are expected to rise by around 10 percent in 2022 compared to the previous year, will dampen real growth in the
construction industry significantly. In combination with the already expected downward trend in residential construction,
2023 will also see only low growth rates. The years 2024 and 2025 will then also be characterised by only weak momentum with
rates below 1 percent, despite clear impulses in civil engineering.
Research group:Regional Economics and Spatial Analysis