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73rd Euroconstruct Conference: European Sovereign Debt Crisis Causes Euroconstruct to Downgrade its Construction Forecasts – Austrian Construction Market Faces Moderate Growth Prospects Until 2014 (Country Report Austria)

Author

Listed:
  • Andrea Kunnert

    (WIFO)

  • Michael Weingärtler

    (WIFO)

Abstract

While the construction market in the 19 Euroconstruct countries is facing a considerable decline in 2012, the Austrian construction market is growing slightly. Throughout the forecast horizon, the construction outlook for Austria is positive, although the growth rates will be well below 1 percent. The market moves into two different directions: while the building segment (residential and non-residential) is a driver of growth, the civil engineering sector will decline over the next few years. The Euroconstruct Country Report for Austria gives in-depth information on the Austrian construction market until 2014. 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.

Suggested Citation

  • Andrea Kunnert & Michael Weingärtler, 2012. "73rd Euroconstruct Conference: European Sovereign Debt Crisis Causes Euroconstruct to Downgrade its Construction Forecasts – Austrian Construction Market Faces Moderate Growth Prospects Until 2014 (Co," WIFO Studies, WIFO, number 44616.
    • Handle: RePEc:wfo:wstudy:44616
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    File URL: https://www.wifo.ac.at/wwa/pubid/44616
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