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European Construction Sector Back on Course for Growth – Selected Results of the EUROCONSTRUCT Summer Conference 2021

Ludwig Dorffmeister
ifo Institut, München, 2021

ifo Schnelldienst, 2021, 74, Nr. 08, 47-50

The construction experts of the EUROCONSTRUCT network put the decline in European construction output in 2020 at 5.1 percent. A year ago, they had expected losses to amount to 11.5 percent. The recovery in the current and the coming year is expected to be strong, totaling 6.9 percent. However, non-residential construction, which is largely dependent on demand from commercial clients, remains a problem.

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ifo Institut, München, 2021