{"id":419563,"date":"2024-12-12T16:37:41","date_gmt":"2024-12-12T15:37:41","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/419563\/"},"modified":"2024-12-12T16:37:41","modified_gmt":"2024-12-12T15:37:41","slug":"98th-euroconstruct-conference-european-construction-market-outlook-until-2027-european-construction-sector-set-for-moderate-recovery-in-2025-summary-report","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/419563\/","title":{"rendered":"98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 European Construction Sector Set for Moderate Recovery in 2025. Summary Report"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-419563","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The updated 98th Euroconstruct Winter Forecast 2024 shows that, for the second year in a row, European construction output will decline in 2024, with the decline being more pronounced than in the previous year. The weak macroeconomic environment, combined with high budget deficits, high construction costs and high interest rates, resulted in a very difficult year for building construction, especially in the residential sector. Further losses are also expected in residential construction in 2025, while construction as a whole is likely to stagnate. A stronger upturn is not expected until 2026. Only civil engineering is coming through the current crisis relatively unscathed, thanks to public projects. With contributions from Roch-Eloi Grivet, Nathalie Kouassi, Max de Lange, Pascal Marlier, Antonio Mura, Markku Riihim\u00e4ki, Adam Sochacki, Antonella Stemperini.","onlinedate":"2024-12-12 15:37:42","lang":"English","publication_series":"","publication_date":"20241203","publication_date_year":"","publication_date_full":true,"publication_num_pages":"196","keywords":"[\"Europe\",\"Construction\",\"Housing\",\"Building\",\"Civil Engineering\",\"Forecast\",\"Economy\"]","jelcodes":"[\"E22\",\"E32\",\"L74\",\"R31\"]","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":"Euroconstruct","persons":[],"persons_data":"[]","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\\\">Euroconstruct (2024). <span><em>98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 European Construction Sector Set for Moderate Recovery in 2025. Summary Report<\\\/em><\\\/span>. <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\\\">Euroconstruct. <span class=\\\"title\\\"><span>98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 European Construction Sector Set for Moderate Recovery in 2025. Summary Report<\\\/span><\\\/span>. 2024. 196 p.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{79f84f10b5684fa1a6c967332fc6173f,<\\\/div><div>  title    = \\\"98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 European Construction Sector Set for Moderate Recovery in 2025. Summary Report\\\",<\\\/div><div>  abstract = \\\"The updated 98th Euroconstruct Winter Forecast 2024 shows that, for the second year in a row, European construction output will decline in 2024, with the decline being more pronounced than in the previous year. The weak macroeconomic environment, combined with high budget deficits, high construction costs and high interest rates, resulted in a very difficult year for building construction, especially in the residential sector. Further losses are also expected in residential construction in 2025, while construction as a whole is likely to stagnate. A stronger upturn is not expected until 2026. Only civil engineering is coming through the current crisis relatively unscathed, thanks to public projects. With contributions from Roch-Eloi Grivet, Nathalie Kouassi, Max de Lange, Pascal Marlier, Antonio Mura, Markku Riihim{\\\\\\\"a}ki, Adam Sochacki, Antonella Stemperini.\\\",<\\\/div><div>  keywords = \\\"Europe, Construction, Housing, Building, Civil Engineering, Forecast, Economy\\\",<\\\/div><div>  author   = \\\"Euroconstruct\\\",<\\\/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 European Construction Sector Set for Moderate Recovery in 2025. Summary Report<\\\/p><p>AU  - Euroconstruct<\\\/p><p>N1  - Conference code: 98<\\\/p><p>PY  - 2024\\\/12\\\/3<\\\/p><p>Y1  - 2024\\\/12\\\/3<\\\/p><p>N2  - The updated 98th Euroconstruct Winter Forecast 2024 shows that, for the second year in a row, European construction output will decline in 2024, with the decline being more pronounced than in the previous year. The weak macroeconomic environment, combined with high budget deficits, high construction costs and high interest rates, resulted in a very difficult year for building construction, especially in the residential sector. Further losses are also expected in residential construction in 2025, while construction as a whole is likely to stagnate. A stronger upturn is not expected until 2026. Only civil engineering is coming through the current crisis relatively unscathed, thanks to public projects. With contributions from Roch-Eloi Grivet, Nathalie Kouassi, Max de Lange, Pascal Marlier, Antonio Mura, Markku Riihim\u00e4ki, Adam Sochacki, Antonella Stemperini.<\\\/p><p>AB  - The updated 98th Euroconstruct Winter Forecast 2024 shows that, for the second year in a row, European construction output will decline in 2024, with the decline being more pronounced than in the previous year. The weak macroeconomic environment, combined with high budget deficits, high construction costs and high interest rates, resulted in a very difficult year for building construction, especially in the residential sector. Further losses are also expected in residential construction in 2025, while construction as a whole is likely to stagnate. A stronger upturn is not expected until 2026. Only civil engineering is coming through the current crisis relatively unscathed, thanks to public projects. With contributions from Roch-Eloi Grivet, Nathalie Kouassi, Max de Lange, Pascal Marlier, Antonio Mura, Markku Riihim\u00e4ki, Adam Sochacki, Antonella Stemperini.<\\\/p><p>KW  - Europe<\\\/p><p>KW  - Construction<\\\/p><p>KW  - Housing<\\\/p><p>KW  - Building<\\\/p><p>KW  - Civil Engineering<\\\/p><p>KW  - Forecast<\\\/p><p>KW  - Economy<\\\/p><p>M3  - Study<\\\/p><p>BT  - 98th Euroconstruct Conference: European Construction Market Outlook until 2027 \u2013 European Construction Sector Set for Moderate Recovery in 2025. Summary Report<\\\/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 European Construction Sector Set for Moderate Recovery in 2025. 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