EUROCONSTRUCT

During the 97th Euroconstruct conference the new forecasts for the European construction sectors.

Euroconstruct has revised down its 2023 estimates (-1.7%) and 2024 forecasts (-2.1%). The construction sector is expected to resume growth from 2025 onwards.

Euroconstruct confirms a +3% growth in 2022, while revising downward the new forecast for 2023 (-1.1%) and 2024 (-0.7%).

Euroconstruct’s latest economic forecasts predict that construction output growth will drop to 0% in 2024 across Europe. Civil engineering looks positive, but other sectors are expected to be negative.

Construction volume in the Euroconstruct area will grow by 2.3% in 2022, with a similar rate forecast for 2023.

Construction volume in the Euroconstruct area will grow by 3.8% in 2021, following a slump of 5.1% in 2020.

According to the latest Euroconstruct forecast, the construction volume in Europe is estimated to have slumped by 7.8% in 2020, but should grow by 4.1% this year, as well as by 3.4% and 2.4% in 2022 and 2023.

The new forecasts were presented at the 89th Euroconstruct Conference in Stockholm on 12th June 2020.