European construction output slumped in 2024 but next year could bring weak recovery

Neil Gerrard Senior Editor, Construction Briefing

10 December 2024

Directly above view of builders in hardhats and green waistcoats working at construction site Image: Mediaphotos via AdobeStock - stock.adobe.com

This year (2024) will end up as one of the most difficult for the European construction industry since 2020 but the prospect of a recovery is on the horizon.

That’s according to research by Euroconstruct, which presented its European construction market forecasts up until 2027 at its conference last week.

It forecast a decline in construction output of 2.4% in 2024, across the 19 European countries it monitors.

But it said it expected a modest 0.6% recovery in 2025.…

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