Austria Infrastructure Report Q2 2016
BMI View: Austria's construction industry will register a ninth consecutive year of negative growth in 2016, coming in at -0.2% and a value of USD20.5bn. From 2017 to the end of our forecast period in 2025, we predict muted positive growth sustained by an improving economy and EU investment into major rail development and residential building. Latest Updates And Structural Trends
Construction and infrastructure industry growth will remain negative in 2016 at -0.2%, before entering a positive trend of weak positive growth to 2024.
The transport ministry is targeting USD28bn investment in rail and roads over the next five years, while the government's housing initiative will see EUR5.8bn invested over the same period.
Robustly improving private consumption could positively affect retail, warehouse and office construction.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook