EUROPE – Construction volume in the Euroconstruct area is expected to grow by 3.5% in 2017.

The strongest stimuli will once again come from residential construction. Developments in 2017 are remarkable for two reasons. Firstly, growth in construction measures in Europe reached its highest level since 2006, or shortly before the outbreak of the international financial crisis.

Secondly, construction demand is rising in all 19 member countries in 2017. This is the first time that growth has been seen across the board in Europe since Germany’s reunification; and experts forecast that this feat will be repeated in 2018.

The favorable development in construction demand is partly due to robust economic growth and its positive implications for household income, corporate profits and the state of public finances.