84th Euroconstruct Conference: European Construction Market Outlook Until 2020 – Construction Sectors Grow in All 19 Euroconstruct Countries in 2017. Summary Report

The construction forecasts presented at the 84th Euroconstruct conference show a strong development in the construction industry in 2017. Total construction output is expected to grow dynamically by 3.5 percent in 2017 (constant prices) compared to the previous year. The favourable development is driven by robust economic growth and its positive implications for household income, corporate profits and public finance. This resulted in slightly higher annual growth in 2017 than expected. Growth rates will slow to some extent towards 2020 in both residential construction and non-residential construction, while civil engineering will take over the role of market driver in the medium term. The civil engineering sector is expected to grow at a rate of over 4 percent in 2018 and 2019, respectively. 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 2020. – With contributions by Ludwig Dorffmeister, Bengt Henricson, Josep R. Fontana, Pekka Pajakkala.