FIEC, the European Construction Industry Federation, has said the region’s construction activity is “going better and better” after a lost decade following the global economic crisis.
According to the organisation’s statistics on construction output, overall EU activity rose 3.5 per cent last year and a further 2.9 per cent growth is expected in 2018. The main driver of the recent improvement has been new housebuilding activity and total construction output was put at €1.36 trillion last year. Click here to read the full story from Construction Europe magazine. More information on FIEC is available at www.fiec.eu.
The strength of the European construction sector is borne out by Off-Highway Research’s market analysis. In March we reported that construction equipment sales in Western Europe rose 13 per cent to reach a post-crisis high of 160,562 units. Again, in line with FIEC’s predictions, further growth in equipment sales is expected this year, but at a more moderate rate than seen in 2017. Click here to read our article from March on the state of the European market.
Off-Highway Research will be updating its forecasts for Europe as well as China and India in the coming weeks. The figures will be published through our various Database Services, the Chinese, European and Indian Database Services, along with the Global Volume & Value Service and the Global Volume & Value Service PLUS. In addition, subscribers to our report-based Chinese, Indian and European Services can access further analysis, discussion and insights via our Mid-Year Reviews, which are published in Off-Highway Research’s August Market Report series.
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