{"id":82945,"date":"2024-01-22T08:44:27","date_gmt":"2024-01-22T07:44:27","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/82945\/"},"modified":"2024-11-06T23:32:30","modified_gmt":"2024-11-06T22:32:30","slug":"talsohle-der-baukonjunktur-in-westeuropa-1993-erreicht-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/82945\/","title":{"rendered":"Construction Sector in Western Europe Hits a Cyclical Trough in 1993"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-82945","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"As a result of the expected recovery of the aggregate economy, the volume of construction in Western Europe is likely to stabilize in 1994. An upswing is not expected before 1995. In 1993 the construction industry in Western Europe was strongly affected by the overall recession. The total volume of construction shrank by 3 percent. Finland and Sweden suffered particularly heavy losses, but output also dropped substantially in Spain, Italy, and France. Construction in Austria and Germany was less affected by the general malaise. Vigorous growth in residential construction kept the construction industry from posting negative rates of change. Prospects for 1994 are more sanguine: the expected recovery of the whole economy is likely to stabilize the volume of construction in Western Europe. A resumption of growth cannot be expected before 1995. In Austria, the downswing in the construction sector set in as late as mid-1992, much later than in most other Western European countries. Thanks to increased funding of housing programs by the provinces, the volume of orders as well as the value of new residential construction put in place rose markedly in 1993; most other categories, however, reported production losses. At the present time, there is an excess supply of office and commercial buildings; several projects for office buildings in various stages of planning have been postponed. Public works construction was on the increase during the second half of 1993, but suffered a setback at the end of the year. Austria's building materials industry was severely hit by the drop in demand in 1993; gross production in real terms was lower than in the preceding year. Activity in Austria's construction industry is likely to increase in 1994. After a slowdown in real output growth in 1993 to 0.8 percent (1992 +4.5 percent), an increase by 1.5 percent is expected for 1994.","onlinedate":"1994-02-01 01:00:00","lang":"German","publication_series":"","publication_date":"19940201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":274424,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"67","monthly_report_pages":"87-90","monthly_report_pages_sort":"87","issue":"2","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3481],"collaboration":"","persons":[3911],"persons_data":"[{\"personId\":3911,\"personName\":\"Margarete Czerny\",\"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_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Czerny, M.<\\\/span> (1994). <span>Talsohle der Baukonjunktur in Westeuropa 1993 erreicht<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>67<\\\/em>(2), 87-90. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/13\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/13<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Czerny M<\\\/span>. <span class=\\\"title\\\"><span>Talsohle der Baukonjunktur in Westeuropa 1993 erreicht<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1994 Feb;67(2):87-90.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{ce811ea8037c408085cd61eb47d56860,<\\\/div><div>  title    = \\\"Talsohle der Baukonjunktur in Westeuropa 1993 erreicht\\\",<\\\/div><div>  abstract = \\\"Die Bauwirtschaft geriet in Westeuropa 1993 in den Sog der gesamtwirtschaftlichen Rezession. Insgesamt schrumpfte das Bauvolumen 1993 um 3\\\\%. Besonders gro{\\\\ss}e Einbu{\\\\ss}en erlitten die skandinavischen L{\\\\\\\"a}nder (Finnland und Schweden), aber auch in Spanien, Italien und Frankreich sank die Produktion betr{\\\\\\\"a}chtlich. Nur {\\\\\\\"O}sterreich und Deutschland waren von dieser Entwicklung weniger betroffen: Die wegen der hohen Nachfrage rege Wohnbaut{\\\\\\\"a}tigkeit verhinderte ein Schrumpfen der gesamten Bauproduktion. Die Aussichten f{\\\\\\\"u}r 1994 sind etwas besser: Mit der erwarteten Erholung der Gesamtwirtschaft wird die Bauproduktion in Westeuropa nicht mehr weiter sinken. Ein st{\\\\\\\"a}rkeres Anziehen der Baukonjunktur wird in Westeuropa erst 1995 erwartet.\\\",<\\\/div><div>  keywords = \\\"Talsohle der Baukonjunktur in Westeuropa 1993 erreicht; Construction Sector in Western Europe Hits a Cyclical Trough in 1993\\\",<\\\/div><div>  author   = \\\"Margarete Czerny\\\",<\\\/div><div>  year     = \\\"1994\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"67\\\",<\\\/div><div>  pages    = \\\"87--90\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Talsohle der Baukonjunktur in Westeuropa 1993 erreicht<\\\/p><p>AU  - Czerny, Margarete<\\\/p><p>PY  - 1994\\\/2<\\\/p><p>Y1  - 1994\\\/2<\\\/p><p>N2  - Die Bauwirtschaft geriet in Westeuropa 1993 in den Sog der gesamtwirtschaftlichen Rezession. Insgesamt schrumpfte das Bauvolumen 1993 um 3%. Besonders gro\u00dfe Einbu\u00dfen erlitten die skandinavischen L\u00e4nder (Finnland und Schweden), aber auch in Spanien, Italien und Frankreich sank die Produktion betr\u00e4chtlich. Nur \u00d6sterreich und Deutschland waren von dieser Entwicklung weniger betroffen: Die wegen der hohen Nachfrage rege Wohnbaut\u00e4tigkeit verhinderte ein Schrumpfen der gesamten Bauproduktion. Die Aussichten f\u00fcr 1994 sind etwas besser: Mit der erwarteten Erholung der Gesamtwirtschaft wird die Bauproduktion in Westeuropa nicht mehr weiter sinken. Ein st\u00e4rkeres Anziehen der Baukonjunktur wird in Westeuropa erst 1995 erwartet.<\\\/p><p>AB  - Die Bauwirtschaft geriet in Westeuropa 1993 in den Sog der gesamtwirtschaftlichen Rezession. Insgesamt schrumpfte das Bauvolumen 1993 um 3%. Besonders gro\u00dfe Einbu\u00dfen erlitten die skandinavischen L\u00e4nder (Finnland und Schweden), aber auch in Spanien, Italien und Frankreich sank die Produktion betr\u00e4chtlich. Nur \u00d6sterreich und Deutschland waren von dieser Entwicklung weniger betroffen: Die wegen der hohen Nachfrage rege Wohnbaut\u00e4tigkeit verhinderte ein Schrumpfen der gesamten Bauproduktion. Die Aussichten f\u00fcr 1994 sind etwas besser: Mit der erwarteten Erholung der Gesamtwirtschaft wird die Bauproduktion in Westeuropa nicht mehr weiter sinken. Ein st\u00e4rkeres Anziehen der Baukonjunktur wird in Westeuropa erst 1995 erwartet.<\\\/p><p>KW  - Talsohle der Baukonjunktur in Westeuropa 1993 erreicht; Construction Sector in Western Europe Hits a Cyclical Trough in 1993<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 67<\\\/p><p>SP  - 87<\\\/p><p>EP  - 90<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/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>Construction Sector in Western Europe Hits a Cyclical Trough in 1993 - 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\/82945\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction Sector in Western Europe Hits a Cyclical Trough in 1993\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/82945\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-06T22:32:30+00:00\" \/>\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\\\/82945\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/82945\\\/\",\"name\":\"Construction Sector in Western Europe Hits a Cyclical Trough in 1993 - 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