EU Construction Outlook: Key Indicators of Decline and Upcoming Recovery
Tuesday, 3 September 2024, 10:00
EU Construction Outlook: A Year of Decline
This year has proven challenging for the EU construction sector as it faces a strong decline. Several factors contribute to this downturn, including rising material costs and labor shortages.
Negative Influences
- Surging material expenses
- Labor availability crunch
- Economic uncertainty
Despite these challenges, analysts highlight reasons for optimism in the coming years.
Recovery Signs for 2025
Analysts project a rebound in the construction industry starting in 2025 as several factors align.
- Increased government investment
- Revamping of infrastructure projects
- Stabilization of material costs
This positive outlook provides hope for stakeholders in the construction sector, suggesting that growth could regain momentum as early as 2025.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.