{"id":419555,"date":"2024-12-12T16:37:37","date_gmt":"2024-12-12T15:37:37","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/419555\/"},"modified":"2024-12-12T16:37:37","modified_gmt":"2024-12-12T15:37:37","slug":"98th-euroconstruct-conference-european-construction-market-outlook-until-2027-austrian-construction-market-development-country-report-austria","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/419555\/","title":{"rendered":"98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 Austrian Construction Market Development. Country Report Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-419555","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Austria's economy remains in recession, with GDP contraction expected in 2024 and modest recovery projected for 2025. Inflation is easing, but high savings and uncertainty suppress consumer spending. The labour market is weakening, and public finances are under strain, limiting economic growth. Construction is severely impacted, with residential and non-residential sectors experiencing significant declines due to high costs and financing challenges. Civil engineering, however, shows resilience, driven by environmental and infrastructure investments. A gradual recovery in construction is anticipated from 2025, supported by easing interest rates and government initiatives.","onlinedate":"2024-12-12 15:37:38","lang":"English","publication_series":"","publication_date":"20241203","publication_date_year":"","publication_date_full":true,"publication_num_pages":"37","keywords":"[\"Austria\",\"Construction\",\"Housing\",\"Non-Residential\",\"Civil Engineering\",\"Economy\",\"Forecasts\"]","jelcodes":"[\"E32\",\"L74\",\"R31\",\"E22\"]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.euroconstruct.org","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3481],"collaboration":"","persons":[3731,4155],"persons_data":"[{\"personId\":3731,\"personName\":\"Michael Klien\",\"organisationNames\":[]},{\"personId\":4155,\"personName\":\"Michael Weing\u00e4rtler\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\"><span>Klien, M.<\\\/span><span>, &amp; Weing\u00e4rtler, M.<\\\/span> (2024). <span><em>98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 Austrian Construction Market Development. Country Report Austria<\\\/em><\\\/span>. WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.euroconstruct.org\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.euroconstruct.org<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\"><span>Klien M<\\\/span><span>, Weing\u00e4rtler M<\\\/span>. <span class=\\\"title\\\"><span>98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 Austrian Construction Market Development. Country Report Austria<\\\/span><\\\/span>. WIFO; 2024.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{9ee0394e1b674ca0b3ad25cf0b3fb796,<\\\/div><div>  title    = \\\"98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 Austrian Construction Market Development. Country Report Austria\\\",<\\\/div><div>  abstract = \\\"Austria's economy remains in recession, with GDP contraction expected in 2024 and modest recovery projected for 2025. Inflation is easing, but high savings and uncertainty suppress consumer spending. The labour market is weakening, and public finances are under strain, limiting economic growth. Construction is severely impacted, with residential and non-residential sectors experiencing significant declines due to high costs and financing challenges. Civil engineering, however, shows resilience, driven by environmental and infrastructure investments. A gradual recovery in construction is anticipated from 2025, supported by easing interest rates and government initiatives.\\\",<\\\/div><div>  keywords = \\\"Austria, Construction, Housing, Non-Residential, Civil Engineering, Economy, Forecasts, {\\\\\\\"O}sterreich, Bauwesen, Wohnbau, Hochbau, Tiefbau, Prognose\\\",<\\\/div><div>  author   = \\\"Michael Klien and Michael Weing{\\\\\\\"a}rtler\\\",<\\\/div><div>  year     = \\\"2024\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  day      = \\\"3\\\",<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  note     = \\\"98th Euroconstruct Conference: European Construction Market Forecasts to 2027, EC98 ; Conference date: 02-12-2024 Through 03-12-2024\\\",<\\\/div><div>  url      = \\\"http:\\\/\\\/www.euroconstruct.org\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - 98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 Austrian Construction Market Development. Country Report Austria<\\\/p><p>AU  - Klien, Michael<\\\/p><p>AU  - Weing\u00e4rtler, Michael<\\\/p><p>N1  - Conference code: 98<\\\/p><p>PY  - 2024\\\/12\\\/3<\\\/p><p>Y1  - 2024\\\/12\\\/3<\\\/p><p>N2  - Austria's economy remains in recession, with GDP contraction expected in 2024 and modest recovery projected for 2025. Inflation is easing, but high savings and uncertainty suppress consumer spending. The labour market is weakening, and public finances are under strain, limiting economic growth. Construction is severely impacted, with residential and non-residential sectors experiencing significant declines due to high costs and financing challenges. Civil engineering, however, shows resilience, driven by environmental and infrastructure investments. A gradual recovery in construction is anticipated from 2025, supported by easing interest rates and government initiatives.<\\\/p><p>AB  - Austria's economy remains in recession, with GDP contraction expected in 2024 and modest recovery projected for 2025. Inflation is easing, but high savings and uncertainty suppress consumer spending. The labour market is weakening, and public finances are under strain, limiting economic growth. Construction is severely impacted, with residential and non-residential sectors experiencing significant declines due to high costs and financing challenges. Civil engineering, however, shows resilience, driven by environmental and infrastructure investments. A gradual recovery in construction is anticipated from 2025, supported by easing interest rates and government initiatives.<\\\/p><p>KW  - Austria<\\\/p><p>KW  - Construction<\\\/p><p>KW  - Housing<\\\/p><p>KW  - Non-Residential<\\\/p><p>KW  - Civil Engineering<\\\/p><p>KW  - Economy<\\\/p><p>KW  - Forecasts<\\\/p><p>KW  - \u00d6sterreich<\\\/p><p>KW  - Bauwesen<\\\/p><p>KW  - Wohnbau<\\\/p><p>KW  - Hochbau<\\\/p><p>KW  - Tiefbau<\\\/p><p>KW  - Prognose<\\\/p><p>M3  - Study<\\\/p><p>BT  - 98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 Austrian Construction Market Development. Country Report Austria<\\\/p><p>T2  - 98th Euroconstruct Conference: European Construction Market Forecasts to 2027<\\\/p><p>Y2  - 2 December 2024 through 3 December 2024<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 Austrian Construction Market Development. 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