Austrian Construction Industry Slackens

IndustrialsConstruction ♦ Published: August 7, 2012; 14:33 ♦ (Vindobona)

This year, unemployment in the Austrian construction industry is relatively high. The order situation is everything but favorable.

Austrian Construction Industry Slackens / Picture: ©

Due to the strict austerity policy, major projects were postponed or economized. Above all, the contruction industry complains about the absence of orders by municipalities, provinces and the federal state. What is more, the construction of residential buildings would not be sufficient, the construction industry says. At the moment, 45,000 apartments would be needed per year. However,…