78th Euroconstruct Conference: European Construction Market Outlook until 2017 – 2015: Towards a New Cycle for the European Construction Industry? Country Reports

The recent Euroconstruct conference held in Milan confirmed that 2014 is the first year of recovery since the 2008 crisis. European construction seems to have overcome seven years of deep crises, during which the market lost 21 percent in production volume. The recovery has gained in momentum mainly in the UK, in northern European countries and in countries outside the Euro area. Total construction is expected to grow by 1.0 percent in 2014 after a decline by 2.7 percent in 2013. An average growth slightly over 2 percent p.a. is forecasted throughout the period 2014 to 2017 within the 19 Euroconstruct countries. The outlook for Austria is positive, but growth will be well below the European average mainly because of a slowdown in the area of housing and the unfavourable economic framework for non-residential construction. The Euroconstruct Country Report provides detailed information on the construction market development and its fundamentals in each of the 19 Euroconstruct member countries until 2017. The forecasts and analyses are presented on the country level and are based on a comparable harmonised dataset for the major construction sectors and indicators. The macroeconomic framework is also included.