Due to the COVID-19 pandemic, the volume of the construction market declined in almost the entire Euroconstruct area in 2020.
The forecasts from autumn are, however, somewhat more favourable compared to the earlier estimates in spring 2020. A rebound
in construction is expected for 2021 but uncertainties are increasing not least because of the repeated lockdown measures
in numerous European countries in late autumn 2020. From a sectoral point of view, all construction segments are affected
by the current crisis with significant losses in residential and non-residential construction. In contrast to the past crises,
this time there was also a sharp decline in the renovation market. – Detailed results and forecasts were presented to a professional
audience at the 90th Euroconstruct Conference held as a webinar, on 24 November 2020. The Euroconstruct Summary Report provides
a macroeconomic analysis and an overview of the European construction industry by sectors (housing, non-residential construction
and civil engineering; split in new and renovation, respectively) up to 2023. With contributions by Yngve Abrahamsen, Christian
Brander, Markku Riihimäki, Mariusz Sochacki and Sara Snöbohm.
Research group:Structural Change and Regional Development