Construction activity

January 24, 2023

Euroconstruct expects stagnated construction activity in Europe up to 2025

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. New economic data points to a difficult two years for construction across Europe, with growth forecasts dropping to 0.2% in 2023 and a flat 0% in 2024 compared to 2% previously. Despite a more positive 2022 with 3.0% growth expected, construction output is likely to be weaker than previously thought, with no recovery expected until 2025. The figures were revealed at the recent Euroconstruct’s economic forecast event in London, where experts from Experian and Barbour ABI shared the latest trend data. Mohammed Chaudri, Chief Economist of Experian said: "During the past six months, there have been enormous changes in Europe that have impacted the economic operating environment... Continue reading →

August 11, 2020

COVID-19 pandemic expected to further slow the global construction activity

Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading →

COVID-19 pandemic expected to further slow the global construction activity

Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading →

COVID-19 pandemic expected to further slow the global construction activity

Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading →

COVID-19 pandemic expected to further slow the global construction activity

Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading →

COVID-19 pandemic expected to further slow the global construction activity

Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading →

COVID-19 pandemic expected to further slow the global construction activity

Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading →

COVID-19 pandemic expected to further slow the global construction activity

Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading →

January 24, 2023

Euroconstruct expects stagnated construction activity in Europe up to 2025

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. New economic data points to a difficult two years for construction across Europe, with growth forecasts dropping to 0.2% in 2023 and a flat 0% in 2024 compared to 2% previously. Despite a more positive 2022 with 3.0% growth expected, construction output is likely to be weaker than previously thought, with no recovery expected until 2025. The figures were revealed at the recent Euroconstruct’s economic forecast event in London, where experts from Experian and Barbour ABI shared the latest trend data. Mohammed Chaudri, Chief Economist of Experian said: "During the past six months, there have been enormous changes in Europe that have impacted the economic operating environment... Continue reading →