Euroconstruct: Construction in Europe 2001-2004
After the overall growth of approximately 6 percent in the 1999-2000 2-year period, in 2001 the construction market in Europe entered a phase of stabilisation expected to last through 2002. Slow recovery is expected from 2003 onwards.
After the overall growth of approximately 6 percent in the 1999-2000 2-year period, in 2001 the construction market in Europe entered a phase of stabilisation expected to last through 2002. Slow recovery is expected from 2003 onwards.This phase of stabilisation in the market is basically due to three factors:
- the overall economic slowdown, which has weakened the confidence of consumers and firms;
- the crisis in new construction, especially in the residential sector;
- the recession phase in the construction sector in two of the largest European markets: Poland and Germany
GDP and Construction
In the countries of Western Europe, the outlook for the first years after 2000 confirms the trend that already occurred in the previous decade, i.e. with the sole exception of 1999, the construction sector is growing at a slower rate than the economy as a whole. The gap, especially wide in 2001 (construction: +0.1%; GDP: +1.7%) will not narrow significantly in the subsequent 3-year period. GDP growth will be in the 1.5-2.5% range, rising from 2002 to 2004, while construction growth at 0.5% rising towards 2% will be somewhat weaker.
In Eastern Europe the economy will continue to grow faster than construction up to 2002. In the 2001-2002 2-year period, the economy will grow by a total of 3.6 percent, while construction in the same period will record a reduction of 3.3 percent. However, from 2003 construction is expected to grow at nearly double the rate of the economy, i.e. construction, +5.3% (annual average), with GDP +3% (annual average).
Differing growth by sectors and regions
In Western Europe growth of construction activity will be rather small except for infrastructure investment and R & M. In Central and Eastern Europe a decline is expected in 2002, with stronger growth in the years thereafter in nearly all sectors.
Prices and availability of “European Construction 2001-2004”
- The Euroconstruct Summary Report is available at 760 Euro. This includes summary chapters with overview of the Macro-economic outlook, trends in Overall construction, trends in New residential construction, New non-residential construction and trends in Civil engineering. There are comprehensive summary tables with historical data and forecasts for each of 19 countries *). Special: A chapter on the Internet in relation to the construction sector in Europe. This report is identical to the conference report from the Euroconstruct Conference in Rome, 14 December 2001.
- The Euroconstruct Countries Report (forecasts for 22 countries **) is available at 760 Euro. The Country Reports volume contains detailed forecasts for 19 countries in Western and Eastern Central Europe as well as less detailed forecasts for Estonia, Latvia and Lithuania. For each country there is a forecast of the general economy and detailed forecasts on the various types of construction (New Residential, New Non-Residential, New Civil Engineering - and Renovation and Modernisation in these three main sectors). There is considerable further detail but some variation from country to country, depending on the availability of reliable data. The basic format is 5 - 15 pages of text, figures and tables, prepared by specialists in the country. In all cases there are internationally comparable forecasts for 2002, 2003 and 2004 as well as historical data on a yearly basis starting from 1998.
- Both reports together cost 1350 Euro. The prices given are exclusive of VAT, which is added to orders from Denmark.
Both reports are available for shipment as PDF files for faster delivery. All rights are reserved; clients are allowed to use the report in their own organisation and in fully owned subsidiaries only.
To buy the forecast: Please buy it from your local representative if your company resides in one of the Euroconstruct countries.
If you're from outside the Euroconstruct area, or from Denmark, please contact The Copenhagen Institute for Futures Studies
*) 19 countries: All EU countries except Greece and Luxembourg, plus Norway, Switzerland, Poland, Hungary, Czech Republic, and Slovak Republic.
**) 22 countries: As above plus Estonia, Latvia and Lithuania.
