European construction market on the rise

After a 6% growth in 1999-2000, the European construction market is slowing down. Analyses carried out by the Euroconstruct group shows signs of a slowdown in Europe in 2001. A modest growth is expect…

After a 6% growth in 1999-2000, the European construction market is slowing down. Analyses carried out by the Euroconstruct group shows signs of a slowdown in Europe in 2001. A modest growth is expected for 2002 compared to the previous year (+ 4%). The market is expected to pick up only in 2003, although this may be limited to 1.4%, and should grow up to a stronger 2% in 2004. Investments in construction in Europe in 2000 was equal to Euro 914.23 billion; they went down to Euro 914 billion in 2001, and are expected to rise to Euro 918 billion in 2002. The first reference market is that of residential constructions, with yearly investments in 2000 at Euro 427.15 billion and an overall incidence of 46.7%.