The current state of the European construction sector
The FIEC’s Annual Statistical Report shows the current state of the European construction sector.
Thanks to their national Member Federations’ statistical experts, FIEC has collected figures on, amongst many other things, investment in new housebuilding, renovation and maintenance of residential buildings, non-residential building and civil engineering and employment in construction in 2019.
After a positive overall development in 2019, the construction sector had a good start in 2020. However, at the end of Q1, the COVID-19 crisis severely hit the construction sector in many countries.
Due to the uncertainties related to the crisis, it was not possible to forecast figures for 2020. FIEC could only give a rough estimation of how total investments in construction might develop in 2020 based on first assessments by their Member Federations’ statistical experts.
FIEC, therefore, estimates a decline in investments in total construction by 8.5%. The situation might worsen in 2021 if investments in construction, both public and private, do not recover significantly.
The 63rd annual FIEC Statistical Report will be useful for all readers by giving an insight into the sector and by demonstrating its significance for the economy as a whole.
This Report is a milestone as it is the first time that FIEC has published a digital version. Check online this must-read digital publication.
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