The European Construction Sector: Key Insights from the Latest FIEC Statistical Report

The FIEC (European Construction Industry Federation) has just released its latest statistical report, offering a detailed overview of the European construction sector’s performance and future outlook. Despite a modest GDP growth of 0.4% in the EU for 2023, the construction sector is projected to contract 2.3% in 2024. This decline is driven by a significant drop in new housebuilding and challenges in non-residential construction across various countries. However, segments like renovation and civil engineering show growth potential bolstered by national and EU-level climate policies.

Regional Variations

Countries such as Greece, the Czech Republic, and Lithuania reported robust growth in 2023 due to specific recovery projects and resilience plans. Conversely, nations like Sweden and Bulgaria faced severe contractions due to ongoing housing crises and economic downturns.

Employment and Investment Trends

Employment in the construction sector increased by 1.1% in 2023, employing over 12 million workers across Europe. Despite this, high material costs and supply chain disruptions, exacerbated by the pandemic and geopolitical tensions, continue challenging the sector.

Sector Segments

– Housebuilding:

New housebuilding fell by 6.2% in 2023 and is expected to decline further by 8.6% in 2024, with Sweden and Finland hit hardest.

– Renovation:

This segment represents 30.3% of total investment and remains a potential growth driver due to its role in climate policies.

– Non-residential Construction:

The largest segment grew by 1.5% in 2023, with varied performance across different countries.

– Civil Engineering:

The smallest segment saw growth driven by public infrastructure projects, with a positive outlook for 2024.

A Collaborative Effort

This insightful report results from a collaborative effort between the FIEC and the digital team at #inextremis. It showcases the power of partnership in delivering comprehensive and actionable industry data. The FIEC team, led by Domenico Campogrande and assisted by Afonso Brito, has meticulously compiled the data to ensure accuracy and relevance.

Easy Access to Detailed Insights

The FIEC statistical report’s online format is designed for ease of use, featuring intuitive navigation, interactive charts, and downloadable datasets. This user-friendly approach ensures that stakeholders can quickly access and analyse the data relevant to their needs, making it a valuable tool for decision-makers.

Visit https://fiec-statistical-report.eu/ for a comprehensive look at the statistics and to explore country-specific data.

This report is essential for everyone looking to understand the trends and projections in the European construction sector. It provides valuable insights that can inform strategic decisions and communication strategies.

By strategically combining statistics and digital formats, a European industrial sector association can maximise its online impact, strengthen its authority, and effectively engage its audience. At #inextremis, we have the expertise to help you choose and implement the formats best suited to your objectives. Contact us to transform your vision into reality.