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02 Jul
09:59

European construction output to fall like in 2009

Euroconstruct (EC-19) area construction output is set to fall this year by -11.5% year-on-year, in line with the fall registered back in 2009, says the European construction research network in its latest outlook. A partial recovery is expected for 2021 and 2022 but levels will remain below those seen in 2018. EC-19 area output grew 2.7% y-o-y in 2019, driven mainly by new constructions. Total construction output reached €1,700 billion in 2019. This year the …
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