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92nd Euroconstruct Conference: European Construction Market Outlook until 2024 – Complete Compensation of Pandemic-related Losses in Construction Output in 2021. Summary Report

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  • Euroconstruct

    (Euroconstruct)

Abstract

The weaker negative impact of the pandemic on construction in 2020 compared to the overall economy and a strong upward trend in 2021 leads to a favourable economic picture in European construction. The latest forecasts from the 92nd Euroconstruct analysis show that the 2020 losses will be already fully compensated in 2021. Housing is a major contributor to this positive development. But in contrast to previous crises, the momentum is not coming exclusively from the new construction segment. In 2021, new residential construction, as well as housing renovation, will jointly contribute to the upswing. Significant impulses are also coming from civil engineering, especially from public construction programmes. The rebound in non-residential construction will also start in 2021 but to a much lesser extent. Detailed results and forecasts were presented to a professional audience at the 92nd Euroconstruct Conference in Verona, Italy from 11 to 12 November 2021. The Euroconstruct Summary Report provides a macroeconomic analysis and an overview of the European construction industry by sectors (housing, non-residential construction, and civil engineering; split in new and renovation, respectively) up to 2024. – With contributions by Roch-Eloi Grivet, Nathalie Kouassi, Pascal Marlier, Antonio Mura, Markku Riihimäki and Antonella Stemperini.

Suggested Citation

  • Euroconstruct, 2021. "92nd Euroconstruct Conference: European Construction Market Outlook until 2024 – Complete Compensation of Pandemic-related Losses in Construction Output in 2021. Summary Report," WIFO Studies, WIFO, number 69151, February.
    • Handle: RePEc:wfo:wstudy:69151
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