Dismal Prospects for Construction Industry

Industrials › Construction ♦ Published: January 9, 2012; 16:14 ♦ (Vindobona)

According to WIFO (Austrian Institute of Economic Research), the Austrian construction industry will face stagnation in 2012.

Dismal Prospects for Construction Industry / Picture: © Vindobona.org

Forecasts for the Austrian construction industry were lowered by WIFO. In 2012, revenue growth will only reach 0.4%, the research institute says. The Institute of Advanced Studies (IHS) is barely more optimistic – only a growth rate of 0.5% is expected.

WIFO considers that light building construction faces slight growth rates. The civil engineering sector, however, would…

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WIFO Austrian Institute of Economic Research, IHS, Public Debt, Austerity, Construction Industry
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