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European Construction Volume Collapses by 11.5 Percent in 2020 – Selected Findings of the EUROCONSTRUCT Summer Conference 2020

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  • Ludwig Dorffmeister

Abstract

The coronavirus pandemic is putting pressure on the European construction sector. After a decline of 11.5 percent in the current year, the recovery next year is likely to be much weaker at 6 percent. Developments in the individual countries vary widely. Where construction sites were closed for a long time and the economy was badly affected, losses are expected to be in the double-digit percentage range in 2020. Elsewhere, however, the decline in construction activity remains manageable. And for the Polish and Portuguese markets, growth is even expected.

Suggested Citation

  • Ludwig Dorffmeister, 2020. "European Construction Volume Collapses by 11.5 Percent in 2020 – Selected Findings of the EUROCONSTRUCT Summer Conference 2020," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(07), pages 77-82, July.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:07:p:77-82
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    More about this item

    Keywords

    Bauwirtschaft; Branchenentwicklung; Konjunktur; EU-Staaten; EUROCONSTRUCT;
    All these keywords.

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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