Construction Market Research Network EUROCONSTRUCT®

EUROCONSTRUCT® is an independent construction market forecasting network with partner institutes in 19 European countries. WIFO is the Austrian representative of the network and in this function the first contact point for national inquiries.

Main network activities cover the bi-annual conferences where special emphasis is set on overall economic analysis and on European construction market forecasts in those countries where the network is represented. These forecasts are updated bi-annually and are presented at the summer conferences (June) or winter conferences (November/December) in alternating European cities.



To the Euroconstruct website
https://www.euroconstruct.org

Conferences and publications

Workshops, conferences and other events, Helsinki, 7.-8.6.2018, http://www.euroconstruct.org
Organised by: Euroconstruct
Online since: 12.04.2018 0:00
The Finnish Euroconstruct partner, Forecon, is hosting the 85th Euroconstruct conference in June 2018. The conference deals with European construction markets and gives updated forecasts to 2020. A further focus of the conference will be on the development of the built environment. The event starts with a visit to the Helsinki Central Library Oodi where construction will be near completion at the time. The visit will culminate in a gala dinner for networking. The venue of the conference is the Finlandia Hall in the centre of Helsinki.
 
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.
 
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.
Workshops, conferences and other events, Munich, 23.-24.11.2017, http://www.euroconstruct.org
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.
 
The 83rd Euroconstruct Conference confirms Austria's growth path in the construction sector in the upcoming years. Nevertheless construction output is expected to increase only by 1.6 percent at constant prices in 2017 compared to the previous year which is significantly lower than the average of 2.9 percent in the Euroconstruct region. It has to be considered that Austria has already one of the highest numbers of building permits per 1,000 inhabitants in Europe additionally supported by numerous public housing programmes. Therefore growth in residential construction is limited. On the other hand the steadily improving economic framework, pushed by improving labour markets and higher private consumption along with improving export markets is driving non-residential construction (+2.1 percent) in 2017. Apart from that civil engineering is expected to remain weak with low investments in energy and water works. Growth in civil engineering can be mainly expected from the traffic infrastructure area, all above from investments into the road and railway network.
 
The recent construction market forecasts presented at the 83rd Euroconstruct Conference indicate a continuing growth path of the European construction industry. Construction output in the Euroconstruct region expanded by 2.5 percent at constant prices in 2016 compared to the previous year. Construction markets improved in 11 out of 19 countries in 2017, leading to a stronger growth than previously expected. The projections for 2018 and 2019 are also generally favourable, nevertheless uncertainty is increasing and growth is expected to level off at rates of about 2.5 and 2.0 percent, respectively. Hungary, Ireland and the Dutch market are expected to show the highest dynamics while on the other hand construction output in Germany (Europe's largest market) could peak in 2018 and face a decline in 2019 according the latest projections. The Euroconstruct Country Reports provide more detailed information on the construction market trends and its fundamentals in each of the 19 Euroconstruct member countries until 2019. The forecasts and analyses are presented on the country level and are based on a comparable harmonised dataset for the major construction sectors and indicators. The macroeconomic framework conditions are included additionally. – With contributions by Yngve Abrahamsen, Anders Bjerre, Jan Blahoňovský, Ludwig Dorffmeister, Josep Ramon Fontana, Anna Gáspár, Paul Groot, James Hastings, Bengt Henricson, Annette Hughes, Michael Klien, Matijas Kocijan, Vladimir Lenko, Jean-Pierre Liebaert, Nejra Macic, Ciara Morley, Renaud Muller, Barbora Pospíšilová, Stéphane Radureau, Markku Riihimäki, Emmanuel Rozenkier, Radislav Semenov, Adam Sochacki, Mariusz Sochacki, Antonella Stemperini, Dominik Studer, Deogratias Urayeneza, Conceição Vital, Michael Weingärtler, Youssef Yacoubi.
 
The construction forecasts presented at the 83rd Euroconstruct Conference show a sound development in the construction industry in 2017. The residential construction sector is driving the market substantially. From a regional perspective major impulses are expected from the French market, as well as from Sweden within the Nordics, from Ireland within the group of smaller countries and from Hungary in the Eastern European region which is covered by Euroconstruct. 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 2019. – With contributions by Yngve Abrahamsen, Jorrit Bakker, Anders Bjerre, Radislav Semenov, Paul Tang, Oebele Vries, Michael Weingärtler.
WIFO's Euroconstruct partner institute EIB is hosting the 83th Euroconstruct conference in June 2017. The conference focuses on European construction market forecasts until 2019 in an uncertain macroeconomic and political environment. A special topic is dealing with circular economic policies. A pre-conference networking event will be held at the A'dam Tower on 8 June, the main conference takes at Grand Hotel Krasnapolsky, Amsterdam on 9 June 2017.
Contact person

Michael Klien

Function: Research staff member
Research groups: Macroeconomics and European Economic PolicyStructural Change and Regional Development