Development of the Construction Industry 2011-2018 and Outlook

Austria's construction industry is in a boom phase, which is leading to a significant increase in construction prices. This study traces this development using key indicators such as output, construction costs and business surveys. In addition, microdata on construction contracts are analysed to illustrate the impact of the economic upswing on construction prices. Finally, the development of construction prices is forecast for the years up to 2023.