Second half year, the European construction industry will continue to decline, till 2015 will be out of the plight(8/17/2013)

75th European Workshop on June buildings in Copenhagen, Denmark. At the meeting, the authority of the construction market forecasting organizations - European Construction (Euroconstruct) announced its covering 19 European countries, the construction industry market analysis and development prospects of the forecast. Reported that this year's European construction industry is still facing heavy pressure, forecast production will be down 2.8%. Fiscal austerity inhibit the construction of public facilities, public rental funding is limited, and the overall economic weakness and the resulting high unemployment, low consumer confidence and other issues have resulted in residential, non-residential construction market outlook is less optimistic.

European public debt crisis has led to the construction of public facilities, the outlook is not optimistic, public facilities construction market has been shrinking for four consecutive years, compared with 2009, has shrunk by 20%. And infrastructure expansion and renovation project blocked further lead to other related fields overloaded. European public institutions are aware of the seriousness of the problem and has been in the planning solution, particularly the Nordic countries and Central Europe. Therefore, the report predicts that in 2014 the construction of public facilities in Europe will increase capital investment, thus achieving growth.

European construction market in 2014 will achieve 0.5% growth in 2015 out of the crisis, is expected to grow 1.7%. However, Western and Eastern Europe countries, the recovery of the construction market there is a big difference, 2015 15 Western European countries, the construction market will grow by 1.6 percent, while the four Eastern European countries (Czech Republic, Hungary, Poland, Slovakia) will grow by 3.7%.

(Author Mosaic and Tile, China Leiyuan 8/17/2013)

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