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European construction boom virtually unchanged Selected results of the 2007 Euroconstruct summer conference

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  • Erich Gluch
  • Florian Schmidt

Abstract

Last year, the European construction sector recorded its best growth rate (3.7%) in 25 years. This year the European construction sector will grow by 2½ percent. In each of the following years, 2008 and 2009, growth will weaken to about 2 percent p.a., according to the forecast of the Euroconstruct group. The largest growth stimulator in the forecast period (up to 2009) will be civil engi-neering, followed by non-residential construction. For civil engineering the Euroconstruct experts forecast an annual growth in construction volume of a good 3½ percent for 2007 to 2009. Housing construction, which topped the building sectors in 2006 with a growth of 4.1 percent, will lose much of its mo-mentum.

Suggested Citation

  • Erich Gluch & Florian Schmidt, 2007. "European construction boom virtually unchanged Selected results of the 2007 Euroconstruct summer conference," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(16), pages 37-43, August.
    • Handle: RePEc:ces:ifosdt:v:60:y:2007:i:16:p:37-43
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    JEL classification:

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

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