Construction output growing in all 19 Euroconstruct countries

摘要

Thanks to a simultaneous construction output growth in the 19 Euroconstruct countries for the first time since years, 2017 recorded a growth peak of 4.1% (volume). The construction market should keep growing at 2.8 % in 2018 and slow down at a yearly average rate of 1.6% (in volume) over the forecast period (2019-2021) supported by smoothing but still positive GDP evolution. In the very short term, confidence for households is reaching a peak in 2018 fuelling the new residential sector. From a more structural point of view, the 2021 construction market volume would still stay 15 % behind the 2007 level for the 19 EC countries, but when eliminating the extreme situations in Ireland, Spain and Portugal, the level of output would be recovered for the sum of the other countries.