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

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  • Euroconstruct

    (Euroconstruct)

Abstract

The latest update of the European construction market forecasts presented at the 92nd Euroconstruct conference, organised by CRESME, in Verona, Italy on 11 to 12 November 2021 showed more favourable dynamics in European construction markets than the previous forecast. On the one hand, the pandemic-related decline was less severe in 2020. On the other hand, a stronger upswing is expected for 2021. Of the 19 Euroconstruct member countries, 17 recorded growth in construction for 2021. Only Germany and Slovakia show a declining development. The German construction industry was only slightly affected by the pandemic and is slowly weakening from a high level. Slovakian construction production was already contracting before the crisis. Construction markets in the other countries will expand in 2021, with the highest dynamics in Belgium, Italy and the United Kingdom. Overall, construction output in the Euroconstruct area is forecast to reach 1,740 billion € in 2021. The Euroconstruct Country Report provides detailed information about the construction market trends and its fundamentals in each of the 19 Euroconstruct member countries until 2024. The forecasts and analyses are presented on the country level and are based on a comparable harmonised dataset for the major construction sectors and indicators. The macroeconomic framework conditions are included additionally. – With contributions by Barbour Abi, Anne-Sophie Alsif, Anna Brinkhagen, Anders Bjerre, Harvir Dhillon, Ludwig Dorffmeister, Antonio Coimbra, Thomas Endhoven, Josep Ramon Fontana, David Frič, János Gáspár, Johan Grip, Roch-Eloi Grivet, Paul Groot, Tom Hall, Annette Hughes, Radovan Kostelník, Nathalie Kouassi, Michael Klien, Nathalie Kouassi, Vladimir Lenko, Jean-Pierre Liebaert, Nejra Macic, Arend Olt-hoff, Pascal Marlier, Markku Riihimäki, Stefanie Siegrist, Sara Snöbohm, Mariusz Sochacki, An-tonella Stemperini, Mercedes Tascedda and Michael Weingärtler.

Suggested Citation

  • Euroconstruct, 2021. "92nd Euroconstruct Conference: European Construction Market Outlook until 2024 – Complete Compensation of Pandemic-related Losses in Construction Output in 2021. Country Reports," WIFO Studies, WIFO, number 69156, February.
    • Handle: RePEc:wfo:wstudy:69156
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