89th Euroconstruct Conference: European Construction Market Outlook until 2022 – European Construction Markets in the Shadow of the Corona Pandemic. Summary Report

  • Euroconstruct (Euroconstruct)

In the wake of the COVID-19 pandemic, virtually all EC-19 countries are experiencing a decline in 2020, with the largest downturn for the UK and Ireland. Total construction output is expected to fall to 1,500 billion Euro in 2020, which is the same level as in 2015. All sub-sectors are affected by the crisis, but some are more than others. In the 19 Euroconstruct countries, the least affected sector is civil engineering, which is expected to decline by 7.2 percent this year and then recover in 2021 and 2022 with growth rates of 7.4 and 3.5 percent, respectively. The forecasted losses in both residential and non-residential construction are much more severe: they are expected to shrink by just over 12 percent in 2020 and improve by 3 to 6 percent p.a. in 2021 and 2022. – With contributions by Christian Brander, Josep Ramon Fontana, Tuomas Laitinen, Nejra Macic, Sara Snöbohm.