ING highlights a challenging year ahead for Euro construction
20 March 2024
Market analyst ING Research has forecast a challenging year ahead for European construction businesses, despite the fact that there was marginal growth in construction output in 2023.
Across the EU, output grew by an average 0.1% in 2023, largely due to a relatively strong performance in the first quarter.
The third and fourth quarters of the year, however, saw output decline by 0.3% and 0.2% respectively, following interest rate growth and a subsequent reduction in investor interest.…
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