95th Euroconstruct Conference: European Construction Market Outlook until 2025 – Risks and uncertainties impeding the growth of the European construction market. Country Reports

The Summer Forecast on the development of European construction markets, presented at the 95th Euroconstruct Conference organised by the EIB in Amsterdam on 9 June 2023, shows a downward revision of forecasts and thus a slight decline in total construction output in 2023 and 2024. The continuation of the war in Ukraine and the severe energy crisis, together with the sudden changes in monetary policy, initially pointed to a recessionary outlook for the European economy, with a negative impact on the construction sector. The housing market has been hit the hardest, but the significant slowdown in economic growth will also undermine non-residential construction over the next few years. Civil engineering is less affected by the economic cycle due to the large number of long-term projects and the high proportion of activity financed by the public sector. The Euroconstruct Country Report provides detailed information on construction market trends and fundamentals in each of the 19 Euroconstruct member countries until 2025. The forecasts and analyses are presented at a country level and are based on a comparable, harmonised data set for the main construction sectors and indicators. The macroeconomic framework is also included. With contributions by Anne-Sophie Alsif, Anders Bjerre, Mohammed Chaudhri, Antonio Coimbra, Ludwig Dorffmeister, Thomas Endhoven, Josep R. Fontana, David Frič, János Gáspár, Roch-Eloi Grivet, Paul Groot, Tom Hall, Annette Hughes, Michael Klien, Radovan Kostelník, Nathalie Kouassi, Vladimír Lenko, Jean-Pierre Liebaert, Patric Lindqvist, Pascal Marlier, Sem van Meurs, Antonio Mura, Mårten Pappila, Markku Riihimäki, Radislav Semenov, Stefanie Siegrist, Mariusz Sochacki, Antonella Stemperini, Marte Herje Strømme, Mercedes Tascedda, Ludvig Uggla and Michael Weingärtler.