Press Release
93rd EUROCONSTRUCT Conference
Embargo: 10 June, 2022 - 09:00 CEST
93rd EUROCONSTRUCT Conference
Embargo: 10 June, 2022 - 09:00 CEST
Date.UTC(2018,0,1) | 2.0 | 3.3 |
Date.UTC(2019,0,1) | 1.7 | 2.7 |
Date.UTC(2020,0,1) | -6.2 | -4.4 |
Date.UTC(2021,0,1) | 5.5 | 5.6 |
Date.UTC(2022,0,1) | 3.0 | 2.3 |
Date.UTC(2023,0,1) | 2.2 | 2.3 |
Date.UTC(2024,0,1) | 1.9 | 1.4 |
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) | ||
Date.UTC(2022,5,28) |
The continued intensification and duration of the war in Ukraine, aside from a possible re-surgence of the pandemic in autumn,
raises the possibility of worsening economic developments around the globe and in Europe, which could lead to a recession
in the construction industry of some countries and construction segments.
In the current projection for 2022-2024, EUROCONSTRUCT forecasts a significant slowdown in the growth rate of residential
construction to 1.3% in 2024. This results from stagnation trends in both new residential construction and renovation (in
2024, growth is 1.5% and 1.2%, respectively).
After the sharp decline in total non-residential construction in the EUROCONSTRUCT market in 2020, production is forecast
to recover in 2022-2024. However, non-residential construction will not return to pre-pandemic levels in several EC-15 countries,
such as France, Germany, the UK, Finland and Ireland as well as in two EC-4 countries, Slovakia and the Czechia.
Civil engineering was least affected by the adverse effects of the pandemic in 2020 (output decreased by only 0.4%) due to
the implementation of many large infrastructure projects financed from national budgets and EU funds. EUROCONSTRUCT predicts
civil engineering to grow by 2.7% per annum on average between 2022 and 2024. After accelerating to 3.9% in 2023, the annual
growth rate will drop significantly to 1.7% in 2024.
Date.UTC(2018,0,1) | 96.8 | 96.2 | 82.1 | 101.3 | 103.7 | 98.5 | 103.2 | 85.5 | 94.2 | 98.3 | 86.4 | 98.8 | 89.9 | 99.5 | 100 | 96.6 | 97.8 | 86 | 93.8 | 126 | 94.9 | 96.5 |
Date.UTC(2019,0,1) | 100.6 | 97.3 | 84.9 | 98.8 | 106 | 99.9 | 109.2 | 88.5 | 99.3 | 99.2 | 93.8 | 103.3 | 90.1 | 99.3 | 103 | 99 | 101.2 | 100.4 | 98.5 | 120.2 | 100.5 | 99.1 |
Date.UTC(2020,0,1) | 97 | 92.3 | 94 | 98.2 | 93.7 | 101.2 | 104.4 | 84.5 | 98 | 97.5 | 97 | 93.7 | 92.3 | 99 | 89.4 | 94.6 | 97.9 | 93.7 | 96.4 | 104.9 | 96.7 | 94.7 |
Date.UTC(2021,0,1) | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Date.UTC(2022,0,1) | 101.1 | 102.6 | 101.3 | 102.3 | 103.3 | 100 | 104.9 | 102.6 | 103.7 | 101.8 | 100.5 | 105.2 | 102.1 | 100.2 | 104.3 | 102.3 | 100.8 | 100 | 100.9 | 103.5 | 100.9 | 102.3 |
Date.UTC(2023,0,1) | 102.3 | 104.8 | 102.6 | 97.9 | 105 | 101 | 109.2 | 108.2 | 106.7 | 102.6 | 101.7 | 111 | 99.9 | 100.6 | 108.4 | 104.7 | 102.3 | 101.3 | 103.7 | 109.6 | 103.2 | 104.7 |
Date.UTC(2024,0,1) | 103.3 | 107.3 | 104.2 | 94.5 | 106.4 | 101.3 | 115.1 | 108.7 | 109.1 | 102.9 | 103.2 | 114.3 | 99.4 | 101 | 111.8 | 106.1 | 104.8 | 103.9 | 107.3 | 113.5 | 106.4 | 106.1 |