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93rd Euroconstruct Conference: European Construction Market Outlook until 2024 – Austrian Construction Market Development. Country Report Austria

Author

Listed:
  • Michael Klien
  • Michael Weingärtler

    (WIFO)

Abstract

The recent Euroconstruct forecasts indicate a noticeable weakening of construction activity from 2022 onwards for Austria and Europe. Although the order situation in Austria remains strong, the assessment has changed significantly since the beginning of the year. While the Austrian construction industry survived the immediate COVID-19 crisis relatively unscathed, the sector has been struggling with ongoing construction cost problems since the exceptionally rapid recovery in 2021. The construction industry has been particularly affected by price increases in essential commodities such as steel and oil. Economic uncertainty is also increasing, further dampening the construction outlook until 2024.

Suggested Citation

  • Michael Klien & Michael Weingärtler, 2022. "93rd Euroconstruct Conference: European Construction Market Outlook until 2024 – Austrian Construction Market Development. Country Report Austria," WIFO Studies, WIFO, number 69700, March.
    • Handle: RePEc:wfo:wstudy:69700
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/69700
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