IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/70801.html
   My bibliography  Save this book

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

Author

Listed:
  • Euroconstruct

    (Euroconstruct)

Abstract

The 95th Euroconstruct Forecasts of summer 2023 show a slight decline in the construction markets covered by the 19 members of the network in 2023 and 2024, reflecting a downward revision of the previous forecasts due to the ongoing war in Ukraine and the negative impact on economic development. The forecasts show a decline in real construction output of around 1 percent per year, with strong regional and sectoral differences. In particular, the forecasts for new residential construction are much weaker due to rising interest rates and thus high financing costs. On the demand side, high inflation is also reducing private disposable income, with a negative impact on the housing market. The outlook for civil engineering in Europe remains favourable, particularly in the energy and water sectors. Stronger growth is also forecast for transport infrastructure, although risks are increasing due to higher financing costs, placing a significant burden on public budgets.

Suggested Citation

  • Euroconstruct, 2023. "95th Euroconstruct Conference: European Construction Market Outlook until 2025 – Risks and uncertainties impeding the growth of the European construction market. Summary Report," WIFO Studies, WIFO, number 70801, April.
    • Handle: RePEc:wfo:wstudy:70801
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/70801
    File Function: abstract
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wstudy:70801. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.