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77th Euroconstruct Conference: European Construction Market Outlook until 2016 – New Housing Construction Performs Weak in 2013. Country Report Austria

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  • Dieter Pennerstorfer

    (WIFO)

  • Michael Weingärtler

    (WIFO)

Abstract

Austria's overall economic outlook continues to be stable with economic growth above the Euro area average. Residential construction is currently the key driver within the Austrian construction markets. Especially urban areas, all above the capital Vienna, record a strong housing construction activity. The outlook for non-residential construction is less favourable. The economic upswing is not strong enough to substantially boost this market segment even if it will improve in course of the economic recovery. The current economic framework for civil engineering is least favourable, showing a decline of 0.6 percent in 2013. Considering the public budget constraints and high debt levels the outlook will be modest within the next years. – The Euroconstruct Country Report for Austria gives in-depth information on the Austrian construction market until 2016. It covers in detail the housing market, the non-residential sector and civil engineering (new and renovation, respectively). Additionally, essential background information and an overview of the macroeconomic situation are provided until 2016.

Suggested Citation

  • Dieter Pennerstorfer & Michael Weingärtler, 2014. "77th Euroconstruct Conference: European Construction Market Outlook until 2016 – New Housing Construction Performs Weak in 2013. Country Report Austria," WIFO Studies, WIFO, number 47405, April.
    • Handle: RePEc:wfo:wstudy:47405
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