Euroconstruct forecasts slow recovery

01 September 2020

Euroconstruct blue r 1500px

The latest briefing from construction market forecasting network Euroconstruct predicts a slow recovery for European construction in 2021.

The report also looks ahead to construction output in 2022, forecasting it will, on average, remain below the level achieved in 2019.

Euroconstruct has combined figures from its 19 European member nations, resulting in a forecast of an average 9% decline by the end of 2020.

The UK is predicted to be the market hardest hit by the coronavirus pandemic, with the 2020 decline across the Euroconstruct nations averaging just 7% when the UK’s figures are excluded.

Euroconstruct August image

The report shows that markets in the Nordic countries are remaining stable, with the total market in 2021 (bar Sweden and Finland) expected to return to around the level of 2019.

The Netherlands, the UK and Spain are expected to be the slowest to recover, while Euroconstruct’s figures show Poland currently seeming ‘crisis-resistant’, with constant growth anticipated between now and 2022.

Other countries expecting to see construction output figures in 2022 ahead of those of 2019 are Norway, Belgium, Italy and Portugal.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
10 ways to join the hydrogen power revolution
Interest in the use of hydrogen has soared over the past few years as the construction industry races to reduce its carbon footprint. We roundup some recent initiatives
Telescopic boom lifts - the trends
Higher capacities and 100% electric models are the trend. And what lies ahead for 200ft models, or above?
How construction can become sustainable
The construction industry is undergoing a transformative shift to adapt more environmentally friendly practices
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA