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Optimism budding slowly in Europe’s construction industry

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  • Volker Rußig

Abstract

Last year the construction volume in Europe is thought to have declined slightly (by about minus 0.2%). In their updated forecast the institutes in the Euroconstruct group expect only a very hesitant recovery in 19 western and central-eastern European countries: 1% for 2004 and about 1½% for 2005. The hopes for better times for construction focus on 2006, but even then the growth in construction will only be 2½%, which will fall behind the expected increase in GDP.

Suggested Citation

  • Volker Rußig, 2004. "Optimism budding slowly in Europe’s construction industry," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(06), pages 38-45, March.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:06:p:38-45
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    File URL: https://www.ifo.de/DocDL/ifosd_2004_6_5.pdf
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    References listed on IDEAS

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    1. Gebhard Flaig & Wolfgang Nierhaus & Wolfgang Meister & Oscar-Erich Kuntze & Andrea Gebauer & Erich Langmantel & Martin Meurers & Monika Ruschinski & Timo Wollmershäuser, 2003. "Ifo Economic Forecast 2004: Recovery has begun," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(24), pages 16-42, December.
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    Cited by:

    1. Volker Rußig, 2004. "Housing construction in Europe: a renewed decline after a short recovery," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(13), pages 22-28, July.
    2. Volker Rußig, 2004. "Allmähliche Erholung in Europas Bauwirtschaft," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(15), pages 22-29, August.

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      More about this item

      JEL classification:

      • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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