87th Euroconstruct Conference: European Construction Market Outlook until 2021 – European Civil Engineering Taking the Lead. Euroconstruct Summary Report

Growth in construction output continues until 2021 in the 19 Euroconstruct member countries. Nevertheless, growth rates are decreasing and in one building division or another, downturns are becoming more likely. The housing market is expected to exhibit the weakest performance among the segments. Two out of five countries expect a decline in new residential construction in 2020, which is typically driven by the segment of new-built housing. Furthermore, the expected maturing of the business cycle will affect the non-residential construction market negatively, putting pressure on the office and industrial sector. Although growth in civil engineering is also declining in the forecasting period, it is estimated to be the segment with the highest growth potential. A high level of public investment especially in transport infrastructure is stimulating this market segment. The detailed results and forecasts were presented to a professional audience at the 87th Euroconstruct conference in Rome. 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; new and renovation, respectively) up to 2021. – With contributions by Nejra Macic, Antonio Mura, Bjorn-Eric Oye, Markku Riihimäki, Kjell Senneset, Mariusz Sochacki, Antonella Stemperini.