79th Euroconstruct Conference: European Construction Market Outlook until 2017 – Austrian Construction Dampened by Slowdown in Housing and Minor Civil Engineering. Country Report Austria

In 2015 the Austrian economy will grow at a significantly lower pace than the European average. All major demand components are stagnating or are too small to generate an economic dynamic. This lack of stimulous puts pressure on the whole construction industry. Therefore the growth rate for residential construction had to be revised downwards significantly in 2014. In 2015 housing is expected to perform best within the three main construction sectors but growth will be below 1 percent. Non-residential construction performs poorly – a stagnation in 2015 is likely because of weak overall economic growth caused by minor industrial production and weaker foreign trade. Also the civil engineering sector will not be able to generate significant additional growth. Growth of the construction sector is expected to strengthen by the end of the forecasting period in 2017. The Euroconstruct Country Report for Austria gives in-depth information on the Austrian construction market until 2017. It covers in detail housing, non-residential construction and civil engineering (new and renovation, respectively).