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Published byBasil Walton Modified over 9 years ago
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Back to the future….. European Construction Output 2005-7E June 2005 – Euroconstruct data
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Summary: the Big 5 Spain is pick of the bunch with average annual growth of 3.2% pa in 2005-7 UK is runner up with 2.4% France is at sub-2% and fades over period Italy is growing by less than 1% pa Germany is still negative this year and next but ‘recovery’ is set for 2007 (1.3%)
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Summary: ‘Other’ Belgium leads with 5.2% pa growth in 2005-7, thanks to a bumper 2005 Netherlands & Portugal set for recovery at 2.5-3.0% pa; the latter very strong in 2007 Austria & Switzerland steady at c2.0% pa But Ireland fades rapidly and goes negative in 2007
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Summary: Nordic Sweden is set for a mini boom at 4.3% per annum in 2005-7 Denmark good at 2.4% (strong in 2007) In Finland, after bumper 2005, growth is only marginal in 2006 and 2007 Norway: grew at nearly 10% in 2004; this year forecast 3.7% but negative by 2007
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Summary: East Poland is the runway winner at 8.1% per annum 2005-7 Second is Czechia at 6.0% pa… …and in third place Hungary at 5.5% Slovakia is no slouch either at 4.2% In total, Euro 10 billion of new work in the region in 2005-7(at today’s prices)
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the independent strategic advisor to the building materials, construction & support services sectors Contact: Anthony J Williams Telephone: 01394 411 264 awilliams@buildingvalueltd.com
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Disclaimer Copyright 2005 Building Value Ltd (BVL). The information herein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or related products. Similarly, neither BVL nor any of its directors, agents or employees makes (or is authorised to make) any representation or warranty (express or implied) or shall have any responsibility or liability in respect of any of the information contained herein. You must make your own independent assessment and rely on your own judgment in reaching any conclusion.
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