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Daily News / Global Trends / Market Analysis / Statistics / Wood construction / Wood Products / Europe / Global
November 5, 2019

Euroconstruct: Growth in European construction sector forecast to decrease in the next two years

Euroconstruct: Growth in European construction sector forecast to decrease in the next two years

European construction output is forecasted to increase by less than 2% in 2019, and by less than 1.5 percentage points within the next two-year period. The leading market in the next three year period will be infrastructure. It is expected to sustain the European construction market with an average annual growth of more than 3%, compared to weaker performing building sector (+1%)

Total construction output in the Euroconstruct area grew by 3.1% in 2018, and so slightly better than expected six months ago. On the other hand, the outlook for the forecast period up to 2021 shows an even slower development, in a context of a weakening economic expansion.

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