{"id":442021,"date":"2026-02-20T14:38:50","date_gmt":"2026-02-20T13:38:50","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/442021\/"},"modified":"2026-02-20T14:38:50","modified_gmt":"2026-02-20T13:38:50","slug":"european-construction-set-for-gradual-recovery","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/442021\/","title":{"rendered":"European Construction Set for Gradual Recovery"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-442021","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Euroconstruct Forecast until 2028","text":"The European construction industry experienced a period of weak performance in 2024 (\u20131.7 percent) and 2025 (+0.3 percent). High interest rates, buoyant inflation and rising construction costs were painful especially for residential construction. The Euroconstruct network anticipates a recovery in 2026 (+2.4 percent), which is expected to continue in 2027 and 2028. Civil engineering remains the strongest growth sector, driven by investment in energy infrastructure and rail transport. Austria exhibits a similar but delayed pattern: real construction investment contracted by 5.2 percent in 2024 and by 0.8 percent in 2025. For 2026, only a sideways movement of +0.2 percent is expected (2027-28 +1 percent p.a.). Fiscal consolidation will increasingly hit civil engineering. In residential construction, however, stabilisation is emerging (+0.5 percent after \u20131.6 percent in 2025).","onlinedate":"2026-02-20 13:38:51","lang":"German","publication_series":"","publication_date":"20260220","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E23\",\"L74\",\"R21\",\"R31\"]","related_publications":"[\"f9b72406-fd57-4088-9e3b-16d24755a18d\",\"2980b64a-7cf7-4a69-bf99-025de794d66f\",\"3d7d6a8a-0fad-4b89-81be-ba82dbaf389d\",\"3ac9b3d5-1cd0-4e0d-b38f-a444a920ca2f\"]","pdf":442024,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"99","monthly_report_pages":"83-94","monthly_report_pages_sort":"83","issue":"2","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"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\":\"
Klien, M.<\\\/span>, & Weing\u00e4rtler, M.<\\\/span> (2026). Europ\u00e4isches Bauwesen vor moderatem Aufschwung: Euroconstruct-Prognose bis 2028<\\\/span>. WIFO-Monatsberichte<\\\/em><\\\/span>, 99<\\\/em>(2), 83-94.<\\\/div>\",\"vancouver\":\"
Klien M<\\\/span>, Weing\u00e4rtler M<\\\/span>. Europ\u00e4isches Bauwesen vor moderatem Aufschwung: Euroconstruct-Prognose bis 2028<\\\/span><\\\/span><\\\/span>. WIFO-Monatsberichte<\\\/span>. 2026 Feb 20;99(2):83-94.<\\\/div>\",\"bibtex\":\"
@misc{a6fbf164eb8c415d9e1b6ee28e9c14e6,<\\\/div>
title = \\\"Europ{\\\\\\\"a}isches Bauwesen vor moderatem Aufschwung: Euroconstruct-Prognose bis 2028\\\",<\\\/div>
abstract = \\\"1. Die europ{\\\\\\\"a}ische Bauwirtschaft durchlief 2024 (\u20131,7\\\\%) und 2025 (+0,3\\\\%) eine Schw{\\\\\\\"a}chephase. Hohe Zinsen, die lebhafte Inflation und gestiegene Baukosten belasteten insbesondere den Wohnbau. F{\\\\\\\"u}r 2026 erwartet das Euroconstruct-Netzwerk eine Erholung (+2,4\\\\%), die sich 2027 und 2028 fortsetzen d{\\\\\\\"u}rfte. Der Tiefbau bleibt der wachstumsst{\\\\\\\"a}rkste Sektor, getrieben von Investitionen in Energieinfrastruktur und Schienenverkehr. In {\\\\\\\"O}sterreich zeigt sich ein {\\\\\\\"a}hnliches, jedoch verz{\\\\\\\"o}gertes Muster: Die realen Bauinvestitionen schrumpften 2024 um 5,2\\\\% und 2025 um 0,8\\\\%. F{\\\\\\\"u}r 2026 wird mit +0,2\\\\% erst eine Seitw{\\\\\\\"a}rtsbewegung erwartet (2027\\\/28 +1\\\\% p. a.). Die fiskalischen Konsolidierungsma{\\\\ss}nahmen belasten den Tiefbau ab 2026 zunehmend. Im Wohnbau zeichnet sich hingegen eine Stabilisierung ab (+0,5\\\\% nach \u20131,6\\\\% 2025).\\\",<\\\/div>
keywords = \\\"Bauwesen, Wohnbau, Infrastruktur, Prognose\\\",<\\\/div>
author = \\\"Michael Klien and Michael Weing{\\\\\\\"a}rtler\\\",<\\\/div>
year = \\\"2026\\\",<\\\/div>
month = feb,<\\\/div>
day = \\\"20\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
volume = \\\"99\\\",<\\\/div>
pages = \\\"83--94\\\",<\\\/div>
journal = \\\"WIFO-Monatsberichte\\\",<\\\/div>

}<\\\/p><\\\/div>\",\"ris\":\"

TY - GEN<\\\/p>

T1 - Europ\u00e4isches Bauwesen vor moderatem Aufschwung<\\\/p>

T2 - Euroconstruct-Prognose bis 2028<\\\/p>

AU - Klien, Michael<\\\/p>

AU - Weing\u00e4rtler, Michael<\\\/p>

PY - 2026\\\/2\\\/20<\\\/p>

Y1 - 2026\\\/2\\\/20<\\\/p>

N2 - 1.\\tDie europ\u00e4ische Bauwirtschaft durchlief 2024 (\u20131,7%) und 2025 (+0,3%) eine Schw\u00e4chephase. Hohe Zinsen, die lebhafte Inflation und gestiegene Baukosten belasteten insbesondere den Wohnbau. F\u00fcr 2026 erwartet das Euroconstruct-Netzwerk eine Erholung (+2,4%), die sich 2027 und 2028 fortsetzen d\u00fcrfte. Der Tiefbau bleibt der wachstumsst\u00e4rkste Sektor, getrieben von Investitionen in Energieinfrastruktur und Schienenverkehr. In \u00d6sterreich zeigt sich ein \u00e4hnliches, jedoch verz\u00f6gertes Muster: Die realen Bauinvestitionen schrumpften 2024 um 5,2% und 2025 um 0,8%. F\u00fcr 2026 wird mit +0,2% erst eine Seitw\u00e4rtsbewegung erwartet (2027\\\/28 +1% p. a.). Die fiskalischen Konsolidierungsma\u00dfnahmen belasten den Tiefbau ab 2026 zunehmend. Im Wohnbau zeichnet sich hingegen eine Stabilisierung ab (+0,5% nach \u20131,6% 2025).<\\\/p>

AB - 1.\\tDie europ\u00e4ische Bauwirtschaft durchlief 2024 (\u20131,7%) und 2025 (+0,3%) eine Schw\u00e4chephase. Hohe Zinsen, die lebhafte Inflation und gestiegene Baukosten belasteten insbesondere den Wohnbau. F\u00fcr 2026 erwartet das Euroconstruct-Netzwerk eine Erholung (+2,4%), die sich 2027 und 2028 fortsetzen d\u00fcrfte. Der Tiefbau bleibt der wachstumsst\u00e4rkste Sektor, getrieben von Investitionen in Energieinfrastruktur und Schienenverkehr. In \u00d6sterreich zeigt sich ein \u00e4hnliches, jedoch verz\u00f6gertes Muster: Die realen Bauinvestitionen schrumpften 2024 um 5,2% und 2025 um 0,8%. F\u00fcr 2026 wird mit +0,2% erst eine Seitw\u00e4rtsbewegung erwartet (2027\\\/28 +1% p. a.). Die fiskalischen Konsolidierungsma\u00dfnahmen belasten den Tiefbau ab 2026 zunehmend. Im Wohnbau zeichnet sich hingegen eine Stabilisierung ab (+0,5% nach \u20131,6% 2025).<\\\/p>

KW - Bauwesen<\\\/p>

KW - Wohnbau<\\\/p>

KW - Infrastruktur<\\\/p>

KW - Prognose<\\\/p>

M3 - WIFO-Schriftenreihen<\\\/p>

VL - 99<\\\/p>

SP - 83<\\\/p>

EP - 94<\\\/p>

JO - WIFO-Monatsberichte<\\\/p>

JF - WIFO-Monatsberichte<\\\/p>

ER - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[\"Streicher Gerhard\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"\nEuropean Construction Set for Gradual Recovery - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/442021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Construction Set for Gradual Recovery\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/442021\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/442021\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/442021\\\/\",\"name\":\"European Construction Set for Gradual Recovery - 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