Economic outlook March 2017

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Presentation transcript:

Economic outlook March 2017 Conferederation of Finnish Construction Industries RT 21st March 2017 Sami Pakarinen

Construction Sector Output 2016 Total €31.8bn Industry and construction output in 2015 €150bn Residential €5.7bn Source: Statistics Finland, Forecon Oy 21.3.2017 Confederation of Finnish Construction Industries RT

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Obstacles to Start Privately Financed Housing Production Source: RT Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Distribution of Civil Engineering Source: Statistics Finland Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Confederation of Finnish Construction Industries RT 21.3.2017

Housing production forecast Housing starts 2014 2015 2016 2017 2018 Terraced houses and blocks of flats 18 400 26 000 30 300 27 700 25 200 Non-subsidised housing 11 000 17 500 22 300 19 200 16 700 ARA housing 7 400 8 500 8 000 Detached houses 6 700 6 600 7 000 7 500 Other buildings 200 600 500 300 Total 25 300 33 200 37 400 35 000 33 000 17 900 24 700 29 400 26 500 24 500 Source: Statistics Finland, ARA, RT Confederation of Finnish Construction Industries RT 21.3.2017

Economic Indicators of Finnish construction Industry 2014 2015 2016 2017 2018 Gross Domestic Product. change of volume , % -0,6 0,3 1,4 2,0 Euribor, 3-month. % 0,2 0,0 -0,3 Index of wage and salary earnings, change, % 1,5 1,2 1,0 Building cost index, change, % 0,5 2,5 Construction. change of volume, % -3,6 2,7 6,9 Building renovation and modernisation 4,7 Investment in construction -3,8 8,2 Buildings -5,4 2,2 9,1 2,6 -0,1 Civil engineering 4,1 1,3 3,8 Building starts, mill. m3 31,4 33,9 37,0 36,0 35,5 Residential buildings 9,5 11,2 11,9 11,4 11,7 Free-time residential buildings 0,7 0,6 0,8 Commercial buildings 5,9 6,1 5,5 5,8 5,3 Public buildings 3,0 3,7 4,2 Industrial and warehouse buildings 6,7 8,9 8,4 8,6 Agricultural buildings 3,3 3,5 Other buildings 2,1 Housing starts. number of dwellings 25 300 33 200 37 400 35 000 33 000 privately financed 17 900 24 700 29 400 26 500 24 500 state subsidized 7 400 8 500 8 000 Employment in construction sector, persons 168 833 168 500 178 167 182 000 Value of international operations of construction companies, bill. € 1,1 Operating profit before depreciation of construction companies, % 6,0 Operating profit before depreciation of construction product companies, % 6,8 8,5 9,3 Confederation of Finnish Construction Industries RT 21.3.2017