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92nd Euroconstruct Conference: European Construction Market Outlook until 2024 – Austrian Construction Market Development. Country Report Austria

Author

Listed:
  • Michael Klien
  • Michael Weingärtler

    (WIFO)

Abstract

The economic picture in 2021 turned out better in the Austrian construction sector than predicted six months ago. Current official baseline data show a smaller decline in construction in 2020. Additionally, strong momentum in the first half of 2021 points to a significantly higher increase in construction output in 2021. Growth in the construction sector as a whole thus remained close to the overall European trend. Non-residential and civil engineering showed a relatively strong expansive development in 2021 which can be seen as a counter-reaction to the negative impact of the pandemic in the year before. Residential construction, which recorded the smallest declines and is already at a high level, shows the lowest growth potential.

Suggested Citation

  • Michael Klien & Michael Weingärtler, 2021. "92nd Euroconstruct Conference: European Construction Market Outlook until 2024 – Austrian Construction Market Development. Country Report Austria," WIFO Studies, WIFO, number 69157, March.
    • Handle: RePEc:wfo:wstudy:69157
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/69157
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