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86th Euroconstruct Conference: European Construction Market Outlook until 2021 – Less Dynamics in Austrian Construction Market After Peak in 2017. Country Report Austria

Author

Listed:
  • Julia Bachtrögler
  • Michael Weingärtler

    (WIFO)

  • Michael Klien

Abstract

Austria continues to face a favourable economic development in 2018, with a GDP growth rate above the EU average (+3.0 percent according to the latest WIFO short-term forecast). However, following increasing uncertainty which may hamper international trade, economic dynamics are expected to slow down notably in 2019. Business expectations of Austrian construction firms keep improving, which is mirrored in ongoing, albeit slowing down, growth in construction output after the growth peak in 2017. In upcoming years, output is expected to grow in all construction segments. In 2018, residential construction will still be the growth driver, however. After 2019, the civil engineering segment is expected to pick up speed. The non-residential construction segment is also expected to grow steadily until 2021, at slowly declining pace.

Suggested Citation

  • Julia Bachtrögler & Michael Weingärtler & Michael Klien, 2018. "86th Euroconstruct Conference: European Construction Market Outlook until 2021 – Less Dynamics in Austrian Construction Market After Peak in 2017. Country Report Austria," WIFO Studies, WIFO, number 61525, February.
    • Handle: RePEc:wfo:wstudy:61525
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    File URL: https://www.wifo.ac.at/wwa/pubid/61525
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