67th Euroconstruct Conference: European Construction Market Trends to 2011. Summary Report

Construction output across the 19 countries in the Euroconstruct network is projected to fall by 7.5 percent in 2009, following an estimated decline of 3.1 percent last year. Output is expected to fall further in 2010 (–1 percent) meaning a three-year recession for construction. A gradual recovery is expected in 2011 (+1.6 percent). The market across Western Europe is in a very weak position. The volume of construction output in the 15 Western European countries is expected to contract by 8 percent this year and a further 1.5 percent next year, following an estimated decline of 3.6 percent in 2008. Thus the overall construction market in Western Europe will have reduced in size by 13 percent by the end of 2010 compared with the peak in 2007. – The Euroconstruct Summary Report contains macroeconomic analysis and an overview of the European construction industry by sectors (housing, non-residential construction and civil engineering). It also includes most of the speeches of the 67th Euroconstruct conference in Warsaw.