EC SAMPLE REPORT by Mic hael

Country_A4.qxp

16.11.2009

17:26

Seite 1

68 th Euroconstruct Conference 2009

R EP

European Construction: Market Trends to 2012

R O

Zurich, November 26 – 27, 2009

PHOTO: KEYSTONE/SWITZERLAND WESTUMFAHRUNG ZURICH/DESAIR/HEINZ LEUENBERGER

SA Country Report

Country_A4.qxp

16.11.2009

17:26

Seite 2

SA R EP T

R O

13.11.2009

19:49

Seite 1

Country Report

euroconstruct_vorlauf_1_16.qxp

KOF ETH Zurich Swiss Economic Institute Weinbergstrasse 35 CH-8092 Zurich Switzerland

www.kof.ethz.ch

R EP T

R O EUROCONSTRUCT

68th Euroconstruct Conference Zurich, November 26 â&#x20AC;&#x201C;27, 2009

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 2

SA R EP T

R O

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 3

Member Institutes

KOF ETH Zurich Swiss Economic Institute www.kof.ethz.ch

phone +41 44 632 85 35 fax +41 44 632 11 50 kof@kof.ethz.ch

TABLE OF CONTENTS

The Euroconstruct Network........................................................................................................................... Member Institutes.......................................................................................................................................... Austria ................................................................................................................................................... Belgium ................................................................................................................................................. Czech Republic....................................................................................................................................... Denmark................................................................................................................................................ Finland................................................................................................................................................... France.................................................................................................................................................... Germany................................................................................................................................................ Hungary................................................................................................................................................. Ireland ................................................................................................................................................... Italy ....................................................................................................................................................... Netherlands ........................................................................................................................................... Norway .................................................................................................................................................. Poland ................................................................................................................................................... Portugal ................................................................................................................................................. Slovakia ................................................................................................................................................. Spain ..................................................................................................................................................... Sweden.................................................................................................................................................. Switzerland ............................................................................................................................................ United Kingdom.....................................................................................................................................

5 7 29 45 61 81 99 119 139 157 181 203 221

237 257 277

295 313 331 351 367

R O

This Country Report has been written and prepared by the EUROCONSTRUCT organisation from the country reports of the 19 EUROCONSTRUCT member institutes.

www.euroconstruct.org

Reproduction or passing-on of the whole or parts of the report is strictly forbidden without the prior written approval from KOF, acting on behalf of the EUROCONSTRUCT group.

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 4

SA R EP T

R O

13.11.2009

19:49

Seite 5

KOF ETH Zurich Swiss Economic Institute www.kof.ethz.ch

M R EP

EC AUT BEL CZE DEN FIN FRA GER HUN IRL ITA NED NOR POL POR SVK ESP SWE SUI UK

R O

The Euroconstruct Network

euroconstruct_vorlauf_1_16.qxp

EUROCONSTRUCT

68th Euroconstruct Conference Zurich, November 26 â&#x20AC;&#x201C;27, 2009

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 6

EUROPEAN CONSTRUCTION BUSINESS RESEARCH AND FORECASTING GROUP

•

www.euroconstruct.org

Each country member of EUROCONSTRUCT has the project management resources to offer their customers turnkey studies of pan-European scope. They can guarantee:

EUROCONSTRUCT was set up in 1975 by a number of specialised research institutes and consulting organisations as a study group for construction analysis and forecasting. It has since expanded from the core group to include almost all Western European countries (the European Union and EFTA), as well as a number of Eastern European countries. At present, EUROCONSTRUCT has member institutes in 19 European countries.

EUROCONSTRUCT'S network also extends to the Baltic States (through our Finnish partner), Japan (Research Institute for Construction and Economy, RICE, Tokyo) and Korea (Construction & Economy Research Institute of Korea, CERIK, Seoul).

• • •

•

Short-term forecasts by the EUROCONSTRUCT member institutes for the main market segments (housing, nonresidential buildings, infrastructure and civil engineering, all sub-sectors with a breakdown in new work, and renovation/modernisation activities) in nineteen European countries. A special issue selected for its medium-term impact on the construction industry (e.g. demographics, privatisation, lifestyles, technological change, internationalisation of strategies, changes in the demand and supply structure).

Past and forthcoming conference venues:

Construction markets are regional or even local. It is, therefore, a great advantage that the analysis and forecasts for these markets are prepared within the EUROCONSTRUCT network by competent national institutes for their respective home markets.

Specific know-how and experience in database research and consulting; A consistent multinational approach; Expertise in project co-ordination and quality control; Reports in the languages of the customer's choice.

Twice a year, EUROCONSTRUCT organises an international conference on:

The aim of EUROCONSTRUCT is to provide decisionmakers in the construction sector and related markets and in ministries, agencies and national and international associations with information, analyses and forecasts to enable them to plan their business more effectively.

•

The Commission of the European Community and other European organisations.

•

EUROCONSTRUCT'S research and forecasts are designed to meet the needs of many types of business including:

•

• •

Construction contractors and developers; housing associations; Manufacturers and traders supplying construction materials, products, equipment and machines; architects and other construction professionals; Banks, financial and credit institutions; Government departments and national agencies; industry associations;

In addition, EUROCONSTRUCT offers special studies for selected national and international clients based on wellfounded knowledge of databases, methods, correlations and measures.

•

R O

•

Short and medium-term forecasts for macro-economic and detailed construction trends in Europe Analysis of structural changes, business strategies and competition in the European and world-wide construction industry Market studies for industrial goods and service used by the building and infrastructure sectors.

Dublin (Ireland) Munich (Germany) Budapest (Hungary) Funchal (Portugal) Stockholm (Sweden) Paris (France) Cardiff (UK) Barcelona (Spain) Amsterdam (the Netherlands) Munich (Germany) Prague (Czech Republic) Vienna (Austria) Rome (Italy) Brussels (Belgium) Warsaw (Poland)

EUROCONSTRUCT'S research and advice focuses on:

June 2002 December 2002 June 2003 December 2003 June 2004 December 2004 June 2005 November 2005 June 2006 December 2006 June 2007 December 2007 June 2008 December 2008 June 2009

For details, please contact the EUROCONSTRUCT partner institute in your own country.

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 7

Member Institutes

MEMBER INSTITUTES WIFO

Austrian Institute of Economic Research

BELGIUM

Aquiec-Vkebi

Association pour la Qualité des Indicateurs Économiques de la Construction

CZECH REPUBLIC

ÚRS PRAHA

ÚRS PRAHA, a.s., engineering & consulting organisation

DENMARK

CIFS

Copenhagen Institute for Futures Studies

FINLAND

VTT

Building and Transport, Business Intelligence

FRANCE

BIPE

AUSTRIA

GERMANY

IFO

IFO Institute for Economic Research

HUNGARY

Build&Econ

Building Economy, Art and Architecture Consulting Office

Ireland

DKM Economic Consultants

CRESME

Centro Ricerche Economiche e Sociologiche di Mercato nell'Edilizia

NETHERLANDS

EIB

Economisch Instituut voor de Bouwnijverheid

NORWAY

Prognosesenteret AS

PS – Building and Construction Research

POLAND

PAB

Polish Construction Research & Forecasting

PORTUGAL

ITIC

SLOVAKIA

ÚEOS

SPAIN

ITeC

The Catalonia Institute of Construction Technology

SWEDEN

Prognoscentret AB

Prognosesenteret AB (Part of the Analysgruppen AS)

SWITZERLAND

KOF ETH

Swiss Economic Institute Swiss Federal Institute of Technology, Zurich

UNITED KINGDOM

Experian

Experian Business Strategies

DKM

ITALY

Technical Institute for the Construction Industry ÚEOS – Komercia, a.s

R O

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 8

ÂŠ Euroconstruct, Zurich November 2009

Austrian Institute of Economic Research Vienna, Austria monika.dusek@wifo.ac.at www.wifo.ac.at

WIFO is organised as an association, with membership open to organisations and individuals. Contributions by economic policy institutions provide the foundation for basic research and access to the combined research resources of a pool of about 100 highly qualified staff. Our cooperation with sponsors and members is based on the principles of partnership, project orientation and interactive collaboration

The Leading Provider of Economic Analysis and Economic Policy Consulting in Austria WIFO analyses national and international economic trends and supplies short- to medium-term economic forecasts. Together with our studies on European integration, competitiveness and location of industries and services, these trends and forecasts provide the basis for economic policies and corporate strategies.

Our activities increasingly include commissioned research and consulting for domestic and international decisionmaking bodies, the European Commission, OECD, major business and financial institutions.

Modern empirical methods incorporating the most current data available and knowledge of the institutional and political structures â&#x20AC;&#x201C; these are the factors that guarantee the quality of our work. The use of international networks as well as our independent and non-partisan approach gives particular weight to our findings.

Austrian Institute of Economic Research Arsenal Objekt 20 A-1103 Vienna Austria www.wifo.ac.at

As a member of ERECO (European Economic Research and Advisory Consortium), WIFO has partner institutes in Birmingham, Bologna, Cambridge, Madrid, Munich, Paris and Rotterdam.

EUROCONSTRUCT contact Margarete Czerny margarete.czerny@wifo.ac.at Monika Dusek monika.dusek@wifo.ac.at phone +43 1 798 2601 225 fax +43 1 798 93 86

R O

Regional and Sector Analyses Agriculture Industry, innovation and telecommunications Construction Transport, Energy Banking Tourism, Trade and commerce Private and public services

Main Research Fields Macroeconomics Perspectives of the Welfare State Reforms of the Public Sector Globalisation Sustainable Development Knowledge-Based Economy

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 9

Member Institutes

AQUIEC-VKEBI Bruxelles, Belgium jean-pierre.liebaert@aquiec.be www.euroconstruct.org

Association pour la qualité des indicateurs économiques de la construction. Vereniging voor kwaliteitsvolle economische bouwindicatoren Association for the Quality of the Economic Indicators of the Constuction Industry

Activities The AQUIEC is active in each of the fields that make it possible to improve the economic information relating to the construction sector.

Organisation The AQUIEC operates according to the same principle as the “Institut des Comptes Nationaux” (an official organisation that draws up the national accounts in Belgium), which means that it is a structure made up of a group of specialists who define a working framework, delegate the practical work, control and validate this work. The experts of the AQUIEC form a pluridisciplinary team that includes economists, jurists and specialists in tax and social matters. Most of them are members of the highest authorities that oversee their areas of expertise: Central Economic Council, Supreme Statistical Council, Economic Club, Supreme Financial Council, Supreme Employment Council, etc.

As a general rule, it operates as a Forum, in which the experts coordinate the initiatives relating to the construction statistics: drawing up of statistics, quality control and analysis (of the current and forecast economic situation) and in which they exchange information that can prove useful for the objective achievement of these analyses.

Status The AQUIEC, Association for the Quality of the Economic Indicators of the Construction Industry, is an association of experts whose areas of expertise cover the economic and legislative environment that determines the development of the construction industry, as well as the specific characteristics of its various sub-sectors.

As far as the prospects are concerned, it also operates as a Scientific Council responsible for: • defining the hypotheses selected for the drawing up of the “construction prospects”: macro-economic hypotheses and others (national insurance contributions, tax, policies likely to influence the construction industry, etc.); • defining the working method, for checking the pertinence of the macro-econometric model that translates the selected hypotheses into “construction prospects” and for advising its managers on the improvements to be made to them; • evaluating, in terms of coherence and probability, the prospects drawn up by the Construction Confederation (currently the only one able to carry out this work in Belgium) on the basis of the framework that it has defined (hypotheses and method); • validating (after a possible correction) the prospects drawn up in this manner.

EP R O

AQUIEC-VKEBI 34– 42 rue du Lombard B-1000 Bruxelles Belgium www.euroconstruct.org

EUROCONSTRUCT contact Jean-Pierre Liebaert jean-pierre.liebaert@aquiec.be phone +32 2 545 57 40 fax +32 2 545 59 09

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 10

ÚRS PRAHA, a.s. engineering & consulting Prague, Czech Republic euroconstruct@urspraha.cz www.urspraha.cz

ÚRS PRAHA, a.s., was established in 1992 as the successor of Institute of Rationalisation in the Construction Industry. Main activities of the company are services in the area of cost estimation in the construction industry. Further activities are analysis of the construction industry and prognosis of the future development, research in the field of regional development and housing problems; all for both private and public sectors. Headquarter is located in Prague, branch offices are in Brno, Hradec Králové, Ostrava, Plzen and Ceské Budejovice.

Sector analysis, development studies, strategies, TOP ranking lists, marketing studies • tatistics, analysis and conception of construction development • economical analysis and development studies for construction companies • TOP ranking lists of construction companies and construction materials manufacturers Classifications and categorisations traditional cooperation at the creation of classification systems of the construction products related to SKP (Standard Classification of Production) • categorisation of the products and services according to assessment of VAT, property depreciation, repairs and technical improvements •

Regional development and housing policy studies of population, settlement and housing stock in regions and selected towns at the Czech Republic territory • processing of housing policy conceptions for towns and regions of the Czech Republic (analysis, prognosis) • maintaining of territorial identification registry and pattern of basic settlement units

The activities of ÚRS PRAHA extended abroad the Czech Republic long time ago. The company is member of various international non-government associations interested in monitoring the state and trends of European and world construction industry (EUROCONSTRUCT, EDIBUILD, ICIS, etc.). ÚRS PRAHA is registered as consulting organisation for PHARE programme in Brussels and also prepares data for FIEC on behalf of the Czech Republic.

ÚRS PRAHA has a certificate of the Quality Control System CSN ISO 9001 for engineering and consulting activities in the construction industry as well as for studies in the field of regional development and for SW and database development and delivery. There is regular assessment of the company rating Baa2.cz by MOODY´S CENTRAL EUROPE RATING.

•

ÚRS PRAHA, a.s. engineering & consulting Pra ská 18 102 00, Praha 10 Czech Republic euroconstruct@urspraha.cz www.urspraha.cz

Euroconstruct contact Jan Blahonovsky jan.blahonovsky@urspraha.cz phone +420 549 133 435

R O

Real estate, buildings and enterprises valuation the company is expert institute for evaluation of realestate, buildings and enterprises price, its services are used by various clients including banks, insurance companies and courts, clients are both domestic and foreign

•

Pricing system for constructions and construction works • the company is traditional creator of the methods and databases for cost estimation of the construction works, periodically updated data are published in printed and electronic forms

Courses and seminaries the company organises the seminars and courses for quantity surveyors and cost estimators

•

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 11

Member Institutes

The Copenhagen Institute for Futures Studies Copenhagen, Denmark cifs@cifs.dk www.cifs.dk

Other fields of study include the future of work, of organisations and the value chain, of the information economy and the transformations it brings to western culture (“the dream society”), of growing emphasis on expression (“creative man”), of trends in financial services, retail, marketing, consumption, leisure and lifestyles, of values, politics, and media, of e-business and of physical products – Designing for the Future. The CIFS does tailor-made innovation support for corporations within product development, overall strategy and organisation development.

The range of products and services is large, ranging from presentations to tailor-made studies in fields like strategic development, product development, scenario building, and futures awareness in general. Tailor-made studies are based on a dialogue with the client, combining the specific knowledge of the client with the methods as well as the broad perspective of the CIFS.

The CIFS offers a comprehensive membership programme. The membership base of about 160 organisations include leading corporations, government ministries, and a diverse grouping of public and private organisations from Western Europe. International memberships are highly tailor-made to the needs of the client. Working languages include English, German, French, Danish, Norwegian, and Swedish.

Future-based innovation The Copenhagen Institute for Futures Studies is an independent research organisation, founded 1970. It functions as consultant and source of inspiration to corporations, government bodies, and other elements of society, globally. The CIFS creates visions of the future, tailor-made to the need of clients in relation to corporate development, product development, etc., supported by a staff of 25, and it runs training programmes related to corporate work within trends, uncertainties and innovation for the future.

Specific to the construction sector, the institute runs programmes on The Home and Family of the Future, The Office of the Future, and Creating Long-term Value in Construction, besides the EUROCONSTRUCT activities and programmes covering a wide range of Transportation issues.

The Copenhagen Institute for Futures Studies Nørre Farimagsgade 65 DK-1364 Copenhagen K Denmark phone +45 33 11 71 76 fax +45 33 32 77 66 cifs@cifs.dk www.cifs.dk

R O

Euroconstruct contact Anders Bjerre, senior manager abj@cifs.dk

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 12

VTT Technical Research Centre of Finland Tampere, Finland name.surname@vtt.fi www.vtt.fi

VTT Technical Research Centre of Finland (VTT) is the largest R&D institute in the Nordic countries. VTT's expertise covers all industry sectors. VTT is a government, non profit, independent and impartial organization. VTT's turnover is 240 Meur of which 2/3 is based on contract research and -projects. VTT has subsidiaries in Brussels, Silicon Valley, St. Petersburg and Shanghai.

VTT Technical Research Centre of Finland Tekniikankatu 1 Tampere P.O. Box 1300, FIN-02044 VTT Finland phone +358 20 722 111 fax +358 20 722 3497 Business ID 0244679-4 name.surname@vtt.fi www.vtt.fi

VTT as a Foresight Partner Provides an Access to Wide Array of Expertise • VTT's tailored foresight reports and consultancy support decision and policy making process in budgeting, strategic planning, investment decisions and new business concepts • VTT's expert organisation offers access to leadingedge expertise in different industries. • VTT roadmap experts have extensive experience in the coordination of participatory processes and the facilitation of international workshops. • VTT knowledge solutions scan and analyse the latest business and technology advances. VTT's Knowledge Solutions has access to diverse global expertise data bases and other reliable information sources. • VTT's networks and research collaborators offer further possibilities for innovations.

Foresight work will be continuously done for almost all important sectors, products and materials in building and construction. On base of the geo-economic location and long co-operation, the construction sector development in Russia and in the whole Baltic RIM area is more important as our working area. We are improving our networks, forecasting methods, databases, tools and reporting concerning especially Moscow, St. Petersburg and the Baltic Countries. We have also close co-operation with some members of the AsiaConstruct network.

R O

VTT Real Estate and Construction works intensively in the building market and demand forecast sector in close contact with contractors, material producers, trade, authorities and industry organisations.

VTT's activities in fields of business and process management in building and construction are: • analyses and prognoses of business environment: business cycles, market outlooks, scenarios • business and technology strategy consulting • development of new business and service concepts • customer needs, productivity, prices, costs and quality, value chains and networking • energy efficiency, ICT applications and renovation concepts are our main themes in 2008

Euroconstruct contact Mr. Pekka Pajakkala, Vice President pekka.pajakkala@vtt.fi Mr. Erkki Lehtinen, Chief Research Scientist erkki.lehtinen@vtt.fi Ms. Liisa Jaakkonen, Data System Designer liisa.jaakkonen@vtt.fi

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 13

Member Institutes

Our key strengths include: comprehensive technical and quantitative analytical skills; • an in-depth knowledge of European integration issues; • an extensive network of contacts: thanks to our project work and participation in various industry fora we have developed solid contacts amongst senior industry figures; • sound experience of working internationally; • a proven ability to build and manage teams for major projects. Our project teams are comprised of highly qualified professionals experienced in the study and analysis of detailed sector or issue, recognised for their ability to produce practical and effective solutions. Over the years, we have built a global network of associate experts that are able to bring considerable industry knowledge and experience to our consulting projects; • multi-language capability and good cultural understanding. Members of our staff are able fully conversant in French, German, English, Spanish, Portuguese, and Italian, among other, an essential requirement for operation in diverse environments and markets; • a good brand name: we have developed a high reputation for the quality of our analyses and our ability to respond to the needs of our customers. BIPE's analytical capacity is based on the specialisation of its teams in key sectors of the economy and the permanent monitoring of major social changes. Among the key themes underlying most of our studies are: • sociological and demographic trends and their impact on consumer behaviour, on product and services markets and on the labour market; • cross-sector linkages and the spill-over effects between sectors; • the impact of innovation and technological progress, including the impact of new technologies and e-commerce on the economy, on the organisation of companies and on consumer behaviour; • the impact of public policies on the economy and on society, and the changing role of policy makers; • the new forms of economic regulation: new regulatory instruments and new organisation of regulation, monitoring and control, and their impact on market players;

BIPE Issy-les-Moulineaux Cedex, France contact@bipe.fr www.bipe.com

BIPE is one of the leading European providers of forward-looking economic analyses and consulting services. For decades, BIPE has provided executives with relevant advice to guide their actions.

BIPE's lines of activity include: • decision support and advice on business strategy: definition of strategies, products, prices, activities and markets; forward-looking analysis of their business and competitive environments; • sector trends and forecasts; • assistance in elaborating, defining and assessing public policies; • advice on economic regulations for both companies and public authorities.

By providing businesses with forward-looking guidance on their environment, we help them to: • anticipate and respond to market disturbances; • reinforce their competitive position; • base their company's budget on realistic assumptions; • prepare their marketing strategy with a better understanding of their customers and of the market potential; • elaborate and/or support the definition and the implementation of strategic projects, including investment, employment and skills needs; • understand relationships between companies within a given sector or cluster and the way these relationships must evolve; • gauge the consequences of regulatory or fiscal changes on the company and/or sectors.

•

R O

In addition, we help public authorities to: understand the roles of the key stakeholders and the likely changes therein (for example, what is the future dominant organisational model in a sector, or the likely response of businesses to regulatory or other policy changes); • anticipate short, medium and long-term market trends and identify the factors underlying these changes; • interact with the private sector, understand the needs of businesses and develop joint strategies; • define what regulatory or fiscal changes are necessary and measure their consequences; • develop economic regulatory instruments, implement and evaluate the impact of public policies. •

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 14

•

the local dimension of economic development: regional attractiveness factors; the role of clusters and networks, company location strategies; new methods of governance, co-operation and exchanges; sustainable development.

BIPE 11/13 rue René Jacques F-92138 Issy-les-Moulineaux Cedex France phone +33 1 70 37 23 23 fax +33 1 70 37 23 00 www.bipe.com Euroconstruct contact contact@bipe.fr www.bipe.com

In all their assignments, BIPE's consultants base their recommendations on tried and tested methodologies, some of which are proprietary and adapted to decisionmakers' needs. A number of econometric and modelling software packages are available within BIPE, among which SAS, E*Views, SPSS, Chasem, Eole, Map info. BIPE also has a number of proprietary modelling tools that are used to prepare internally and to test the impact on economy and on specific sectors of changes in economic policy or shocks in the external environment. Some of these models are comprehensive, sectoral models detailing cross-sector linkages across a wide range of industries and service sectors, while others allow to analyse the impact of changes in a sector's performance on certain variables.

BIPE has a quality certification from the OPQCM in the fields of strategy and corporate policy, marketing and commercial and internationalisation of businesses.

BIPE has a number of European partners, among which Eurostrategies, Euroconstruct, AIECE (Association of European Conjuncture Institutes).

R EP T

R O

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 15

Member Institutes

Ifo Institute for Economic Research at the University of Munich Munich, Germany gluch@ifo.de www.cesifo-group.de Organisation Since 2008, the Ifo Institute is structured in the following eight research and service divisions: Business Cycle Analyses and Surveys, Public Finance, Social Policy and Labour Markets, Human Capital and Innovation, Industry Branch Research (with Research Unit Construction and Real Estate), Environment and Transportation, International Trade and Foreign Direct Investment, International Institutional Comparisons.

Resources With more than 160 staff members, the Ifo Institute covers the whole spectrum of economic activity. Over 60 percent of the Institute's funds are provided by the government, according to the general agreement on joint financial support of research in Germany. The remaining more than 30 percent of the funds are mainly raised through contract research, multi client studies, conference fees and foundation grants. The research contracts are primarily awarded by federal and state ministries, international organisations and the EU Commission, business associations and private companies. Membership fees and the sale of the institute's various publications contribute also to the funding of the organisation.

Field of Activities The Ifo Institute for Economic Research is one of the major German economic research institutes. It examines shortterm developments in the overall economy and in individual sectors as well as longer term tendencies and structural changes of the German and European economy. The institute regularly conducts short-term forecasts, medium-term business cycle perspectives and long-term growth scenarios, both for the economy as the whole and for individual sectors and industries (e.g. construction industry with sub-sectors, types of work and categories of buildings).In its various business surveys the institute gathers and analyses data from more than 7,000 German firms monthly. The Ifo Institute publishes since more than 50 years the main survey findings, e.g. the well known Ifo Business Climate. Since 1981, the Ifo Institute has conducted its World Economic Survey (WES) amongst more than 1,100 business leaders and economists in about 90 countries. Every quarter, these experts assess the present and the prospective economic situation in their countries. Special attention is given to the early detection of emerging economic problems. The institute also analyses current and projected economic policy measures and puts forward its own economic policy recommendations.

Ifo Institute for Economic Research â&#x20AC;&#x201C; at the University of Munich Poschingerstrasse 5 81679 Munich Germany phone +49 89 9224 1383 fax +49 89 907795 1383 www.cesifo-group.de Euroconstruct contact Erich Gluch gluch@ifo.de

R O

Setting-up and Status The Ifo Institute was founded in 1949 in Munich as a non-profit, independent research organisation and has the legal status of a registered society. Since 2002 there is an institutionally link to the University of Munich as basis for a strong co-operation. The Ifo Institute has more than 450 corporate and institutional members, mainly enterprises, associations, foundations, interest groups and political parties.

euroconstruct_vorlauf_1_16.qxp

13.11.2009

19:49

Seite 16

BUILD-ECON Ltd. Budapest, Hungary

BUILDECON EAST EUROPE AND TURKEY

info@buildecon.com www.buildecon.com

MANAGEMENT PERSONNEL OF BUILDECON HAVE PARTICIPATED AS HUNGARIAN PARTNERS IN EUROCONSTRUCT'S OPERATIONS SINCE 1990, TARGETING HUNGARY AND EASTERN EUROPE SINCE 2001, BUILDECON HAS BEEN PUBLISHING CONSTRUCTION MARKET REPORTS ON EAST EUROPE: RUSSIA, ROMANIA, UKRAINE, TURKEY, BULGARIA, CROATIA, SERBIA

BUILD-ECON Ltd. Cseresznye u. 54. 1112 Budapest Hungary info@buildecon.com www.buildecon.com

AMONG OUR PARNERS WE PROUDLY WELCOME FIRMS LIKE ALUKÖNIGSTAHL, CHR, DOKA, GRABOPLAST, GROUPESCHNEIDER, HENKEL, HOCHTIEF, LINDAB, MERRILL LYNCH, OTP BANK, SKANSKA, SHELL, VOLVO, WIENERBERGER

Euroconstruct contact Anna Gaspar anna.gaspar@buildecon.com phone +36 1 249 31 91 mobile +36 30 241 03 42

EP T

R O

euroconstruct_vorlauf_17_22_Vera.qxp

12.11.2009

16:38

Seite 17

Member Institutes

Our Clients The firm's clients include many of the largest companies in Ireland. In addition it has acted as economic consultants to many Government Departments, Local Authorities and State Agencies, and the EU Commission. Its personnel have been members of and advisors to many State boards and councils, including the Industrial Development Authority, the National Competitiveness Council, and regularly act as expert witnesses in legal cases dealing with complex economic issues. DKM has been the Irish member of Euroconstruct (www.euroconstruct.org) since 1993.

DKM Economic Consultants Dublin, Ireland info@dkm.ie www.dkm.ie

DKM Economic Consultants is one of the longest-established economic research firms in Ireland. The firm was founded in 1981 as part of Davy Stockbrokers, and was bought out by its management team in March 2006.

Over the past two-and-a-half decades DKM has built up unparalleled expertise across a wide range of areas in applied economics and economic forecasting. The firm offers a range of economic consulting services including data collection, analysis and economic forecasting across national, regional and sectoral levels; impact analysis; cost benefit analysis and project evaluation. DKM staff work closely with clients to determine what indicators are most relevant to their business and helps them with business planning by forecasting the economic environment in which future business activity will take place.

Our Main Areas of Expertise • Construction and Housing • Transport • Energy • Markets and Competition • The Environment • Macroeconomic Environment, Demographics and Forecasting • Socio-economic, Regional and Local Development.

Our Experience in Housing and Construction DKM has extensive experience of the Irish housing and construction sector and a track record in economic forecasting for that sector. The firm has acted as consultants to the Department of the Environment, Heritage and Local Government over the past decade, responsible for (i) the preparation of the official estimates of national and regional construction output, (ii) the completion of an assessment the medium term outlook for construction and employment and (iii) examining the challenges facing the industry over the medium term. More recently, the firm has been engaged to prepare the quarterly statistical series, Construction Indicators, which tracks levels of activity and statistical trends in the construction sector. DKM's vast knowledge of the construction sector leaves it uniquely placed to provide insight and added value to public and private sector decision-makers.

Research Projects on Housing and Construction The firm has completed projects for a number of private companies and financial institutions operating in the housing and construction sector including studies which examined: • The Implementation of the Part V Provisions for Social and Affordable Housing in the Planning and Development Act 2000. • The prospects for some of the key concerns surrounding mortgage finance and housing affordability. • The Outlook for Domestic Mortgage Indemnity in the Republic of Ireland.

R O

We Can Provide Project Appraisal and Cost Benefit Analysis • Market Analysis, Competition Studies and Demand Forecasting • Regulatory, Fiscal and Economic Impact Analysis • Socio-economic and Regional Development Studies • Regional and National Demographic Forecasts • Expert Witness Services • Budget Submissions and Position Papers • Environmental Economic Studies • Corporate Strategy/ Business Planning Studies •

euroconstruct_vorlauf_17_22_Vera.qxp

12.11.2009

16:38

Seite 18

•

EUROCONSTRUCT contact info@dkm.ie

DKM Economic Consultants 6 Grand Canal Wharf South Dock Road Ringsend Dublin 4 Ireland phone +353 1 667 0372 fax +353 1 614 4499 info@dkm.ie www.dkm.ie

Developments in the Economy of Dublin including demographic, settlement and housing trends in the Greater Dublin Area. The Prospects for Construction Materials in the Period to 2015. The Future Supply and Demand for Construction Professionals 2002–2015. Annual Construction Industry Review and Outlook, available at http://www.environ.ie/en/PublicationsDocuments/FileDownLoad,15353,en.pdf Construction Indicators, available at http://www.environ.ie/en/Publications/StatisticsandRegularPublications/ConstructionIndustryStatistics/

R O

euroconstruct_vorlauf_17_22_Vera.qxp

12.11.2009

16:38

Seite 19

Member Institutes

Research studies by thematic area and information systems represent the methods and tools across the whole CRESME research activity. The CRESME activities are mostly addressed to the following fields of action: • Environment and sustainability • Structural analysis • Territorial analysis • Assistance to Public Administrations • Current trend and forecast • Facility management • Training • Strategic marketing • Feasibility studies

CRESME RICERCHE SPA Rome, Italy

CRESME RICERCHE

SPA

cresme@cresme.it www.cresme.it

CRESME is a non-profit association created in 1962 in favour of promotion and information on construction industry and territory transformations. Its purpose is to carry ut researches and studies and to favour meetings between public and private operators. Due to numerous and complex requests, the CRESME Research Centre (jointstock company controlled by the Cresme Association) was created in 1982.

CRESME has traditionally provided assistance and support especially to local administrations and autonomous associations acting as a coordinator.

CRESME carries out surveys and analyses regarding: • aspects of production and market in the constructions field; • territorial structures and transformations, with relative economic, urban and social implications; • administration in public bodies, also by means of feasibility studies of definite solutions and an active participation to their management; • training of professional profiles within the framework of territorial-transformation and facility-management processes.

CRESME is internally specialised in: statistical, economic, urban, juridical and sociological aspects. These allow interaction between different subject-matters of major interest to the Centre. All this is facilitated by the extent and variety of the association (over 150 share holders representing the whole constructions field) and of interlocutors that normally refer to the CRESME Ricerche S.p.a. During its 40 years of activities, CRESME has acquired and developed both a scientific and cultural experience. This guarantees an accurate and correct supply of information, evolution of methods and instruments of research.

•

Euroconstruct contact: Antonella Stemperini cresme@cresme.it www.cresme.it

R O

•

a constant updating of this resource is made possible by means of two strategic bearings, which regulate the Centre's activity: a permanent observation of complexities and changes in both the construction industry and the territorial transformations; the development of scientific and cultural activities where CRESME acts as a connection link between different operators, experiences and subject-matters which are implied in processes of territorial transformations.

•

CRESME RICERCHE SPA Viale Gorizia, 25/C I-00198 Rome Italy phone +39 068 54 36 23 fax +39 068 41 57 95

euroconstruct_vorlauf_17_22_Vera.qxp

12.11.2009

16:38

Seite 20

Economisch Instituut voor de Bouwnijverheid Amsterdam, Netherlands eib@eib.nl www.eib.nl

AIMS The EIB foundation aims at fostering the knowledge of economic and social questions that are related to, or that are of importance for the Dutch construction industry in an independent and scientific way.

EIB work comprises: • scientific research, especially in the area of the construction process and the building markets; • preparation of reports on scientific research, both on own initiative and in response to outside demand. STATUS Independent, non-profit association.

Economisch Instituut voor de Bouwnijverheid Postbus 58248 1040 HE Amsterdam Netherlands phone +31 20 583 1900 fax +31 20 583 1999 eib@eib.nl www.eib.nl

ORGANISATION The governing body of EIB consists of representatives of the employers' organisation and the trade unions in the construction industry and of clients, and is presided by an independent chairman. The main responsibility of the governing body is to safeguard the interests of the Institute and the achievement of its objectives, but without interfering in the scientific research itself. The scientific quality of the institute's research work is ensured by a scientific committee.

FINANCIAL RESOURCES The institute is partly financed by contributions from the Education and Development fund for the construction industry. Other resources come from funds for special projects and contract research. A relevant share of these commissions originates from the Dutch government.

Euroconstruct contact: Oebele Vries Basisweg 10 1043 AP Amsterdam Netherlands ovries@eib.nl

EP T

R O

STAFF The scientific activities of EIB are concentrated in three research groups. The first group focuses on the construction market and housing, in the second group the major emphasis is given to construction firms and innovation, while the third group concentrates on research in the field of the construction labour market and education. The staff mainly consists of economists, statisticians and sociologists and comprises almost 30 persons.

euroconstruct_vorlauf_17_22_Vera.qxp

12.11.2009

16:38

Seite 21

Member Institutes

Prognoscentret AB Stockholm, Sweden

Prognosesenteret AS Oslo, Norway

info@prognoscentret.se www.prognoscentret.se

ps@prognosesenteret.no www.prognosesenteret.no

Prognosesenteret was founded in 1978, as an independent consultancy focusing on market research within the Nordic building and construction markets. Today we work as a cross-border Nordic company. Prognosesenteret AS is Norway's representative in Euroconstruct and Prognoscentret AB represents Sweden.

With more than 25 years of experience, a consulting team consisting of economists, business analysts, engineers and anthropologist, we are the leading Nordic company in our field. We are offering regular research services along with individual clients' projects, as well as the unique “Building Materials Barometer”, where we are covering the market of 600 different building materials.

Beside all these services, we carry out ad-hoc analysis within the same areas and countries. At present more than 1.000 customers are using our services on a regular basis. With our unique consulting team, we can handle any research task within the Nordic building and construction market.

We are offering a wide spectre of services for companies within or related to the Nordic building and construction market. Based on a customised web-solution, we are able to offer a month to month analysis of the economic outlook for the Nordic area (per country), as well as markets trends with respect to the monthly building and construction activity in each country. By using our frequently updated database (which contains data from 1981 and forwards), and regular market analysis, we update our forecasts twice a year. These forecasts are including:

Further on, Prognoscentret AB is offering a unique service, giving detailed data on the consumption of construction materials and services in the Nordic region. This service is called “Building Materials Barometer”, and is a databank containing more than 600 products and services. The database is updated yearly, based on registration of end-use consumption.

Prognoscentret AB Saltmätargatan 5 SE-113 59 Stockholm Sweden phone +46 8 440 93 60 fax +46 8 440 93 61 info@prognoscentret.se www.prognoscentret.se

• • •

The market for new residential building activity The market for new non-residential building activity The market for maintenance of residential building activity The market for maintenance of non-residential building activity

Prognoscentret AB Sjølyst Plass 4 NO-0278 Oslo Norway phone +47 24 11 58 80 fax +47 24 11 58 99 ps@prognosesenteret.no www.prognosesenteret.no

Euroconstruct contact: Björn-Erik Öye bjorn.oye@prognosesenteret.no

As a part of our full-service package, we also do analysis on the consumer behaviour related to various building markets. This analysis is built on question schemes to more than 18 000 households in Norway, Sweden and Denmark, in order to identify trends within the DIY market.

Euroconstruct contact: Bengt Henricson bengt.henricson@prognoscentret.se

R O

All of the mentioned analysis and forecasts are available for Sweden, Norway, Denmark and Finland. Furthermore, they are divided into several building types, such as industrial buildings, commercial buildings, hotel buildings, detached houses, semi-detached houses and row houses etc.

•

euroconstruct_vorlauf_17_22_Vera.qxp

12.11.2009

16:38

Seite 22

PAB-Polish Construction Research & Forecasting Warszawa, Poland PAB@pab.waw.pl www.euroconstruct.pl

PAB – POLISH CONSTRUCTION RESEARCH & FORECASTING is a private scientific and research institute specialising in economic analysis of the construction industry. PAB was established in 2000 by specialists with more than 25 years of experience in activity within the construction industry.

Basic aims • Permanent scientific research on the field of investment and building processes, the construction industry and building market, • Preparation and issuing of reports on scientific research initiated by PAB itself as well as on orders from firms and different Polish and foreign organisations. Activity concentrates on: Industry forecasting: short, medium and long-term construction and investment forecasts, • Workload surveys: permanent surveys of construction activity by branches and regions, • Economic analysis: research and reports focused on the construction industry network, • Statistics: preparing database and performing data researches and analyses • Monitoring: real and permanent processes of searching for changes creation of the construction industry situation • Construction market research: market capacity, its diversification and opportunities for entering. •

Monographs – reports Construction Monitoring: general and specific reports on tatus and changes in construction activity • Business conditions surveys of construction: analyses of tendencies and development trends – short term prognoses • Rankings of construction companies TOP 400 Polish Contractors • Polish Construction – Key Figures •

Journals – newsletters for contractors and investors Prognozy Rozwoju Budownictwa -Prognosis of Construction Development • Polish Construction Surveys • Polish Building Materials Industry Surveys • Polish Construction Market Review •

PAB-Polish Construction Research & Forecasting ul. Wspólna 37/39 l.24 PL 00-519 Warszawa Poland phone +48 22 628 88 37 fax +48 22 783 38 57, +48 22 629 03 85 PAB@pab.waw.pl www.euroconstruct.pl

EP Euroconstruct contact: Mariusz Sochacki sochacki@polishconstruction.waw.pl

R O

PAB supplies top professional research and services on individual orders in the range of: • Analysis of demand, supply and competition on construction and building materials market • Cost and price analysis on construction market and building materials as well • Construction and tendering procedure advisory services, • Research on competition level in the construction and building materials market, • Promotion of small and medium sized firms, i.e. producers and contractors

euroconstruct_vorlauf_23_27_Annemarie.qxp

12.11.2009

16:39

Seite 23

Member Institutes

ITIC – Instituto Técnico para a Indústria da Construção Lisbon, Portugal sede@itic.pt www.itic.pt

Aims ITIC – Instituto Técnico para a Indústria da Construção (Technical Institute for the Construction Industry) offers a wide range of services, such as the development of both technical and scientific activities in the Construction Industry field in order to improve economic analysis, technological innovation and the management and productivity of construction firms.

Status ITIC is a private and non-profit institute. Its members are different agents involved in the Portuguese Construction Industry, such as universities, professional bodies, and construction firms and materials producers.

We produce estimates and forecasts for the Construction industry based on macroeconomic analysis and field work. ITIC' specialists base their work on accurate and proven methodologies. ITIC also aims to establish and reinforce technical and scientific relationships between Portuguese and foreign entities within the Construction industry.

Organisation ITIC structure relies on three main departments: Economic and Management Studies; Quality Methodologies; Training.

Activities ITIC undertakes technical and economic studies within the Construction sector. Our activities are set to meet the needs of construction firms through technical support to reinforce management, productivity and quality patterns and therefore issue economical and technical reports, and ensure the implementation of Quality Systems and Methodologies.

ITIC is prepared to provide a wide range of: • Economic and statistical analysis; • Construction Industry forecasting; • Construction Market analysis.

Staff ITIC's activities are carried out by a multi-disciplinary team, including economists, engineers and legal advisors.

ITIC organizes national and international conferences, seminars, workshops and lectures.

Funding ITIC is partially financed by its members. However, the major part of its funds is raised through contract fees with private firms and public bodies.

R O

ITIC – Instituto Técnico para a Indústria da Construção Praça de Alvalade, 6, 6ºFrt 1700 – 036 Lisbon Portugal Euroconstruct contact sede@itic.pt phone +351 21 351 58 81 fax +351 21 351 58 89

euroconstruct_vorlauf_23_27_Annemarie.qxp

12.11.2009

16:39

Seite 24

ÚEOS – Komercia, a.s. Bratislava, Slovakia ueos@ueos.sk www.ueos.sk

PROFILE OF THE COMPANY ÚEOS – Komercia, a.s. (Joint-stock company) is a private research and consultancy company, established in 1992 by transformation of former Ústav ekonomiky a organizácie stavebníctva, Bratislava (Institute of Building Economics and Organisation) founded in 1963.

At present, ÚEOS – Komercia, a.s. has 21 employees. Research, advisory and consultancy services are performed by approx. 17 experts. In addition we have been working with a circle of external co-operators, university experts and other specialists, who participate on solutions of important tasks and projects.

ÚEOS – Komercia, a.s., Ru ová dolina 27 (vchod Mliekárenská ul.) 824 69 Bratislava 26 Slovakia phone +421 2 5810 0510 fax +421 2 5810 0500 ueos@ueos.sk www.ueos.sk

Basic fields of company activities are as follows: • applied economical research and development, • business and economic consulting, • monitoring and field survey, • solving of problems of construction market, the reviving, forming of sectoral, regional politics of construction, international comparisons; habitation and housing construction, regional development, etc., • marketing research of construction market, • preparation of legislative standards in sphere of housing and public works, • evaluation of property and real estate, • public procurement, • engineering activity - supply activity in construction, • technical assistance - EU funds, • production and development of economic and calculation software, • organisation of training courses, seminars and further other special undertakings, • Commercial, intermediate and publishing activity.

ÚEOS – Komercia, a.s. also executes evaluation of property and real estates in various processes and credit awarding; deals with problems of public procurement and with creation of classification system of sorting of building production; elaborates professional publications and statistic materials concerning creation of branch economies.

Euroconstruct contact ueos@ueos.sk phone +421 2 58100510 / 5810 0526 / 5810 0531 fax +421 2 5810 0500

EP T

R O

ÚEOS – Komercia, a.s. solves scientific-technological projects and state projects, elaborates analytic, comparative and prognostic studies and further outputs, focused on development of selected areas of economy of Slovakia, inclusive creation of purpose oriented information systems and providing of statistic documents and indicators. The company also participates on creation of laws and other legislative standards; elaborates financial analysis and business plans of companies; elaborates restructuring projects of the companies; elaborates studies, associated with strategic development of the companies.

euroconstruct_vorlauf_23_27_Annemarie.qxp

12.11.2009

16:39

Seite 25

Member Institutes

Institut de Technologia de la Construcció de Catalunya Barcelona, Spain euroconstruct@itec.es www.itec.es

The Catalonia Institute of Construction Technology, ITeC, is an independent non-profitmaking organisation that carries out its work in the area of operations intended to further the progress of Construction.

ITeC is structured into Areas, Research Programme and Services. The Constructive Process Area works on the creation of information, methodology and tools (software), which are applicable to the execution and management of each constructive process phase.

The Quality Area promotes, evaluates and endorses quality. Activities include ensuring quality in companies, the evaluation of technical specifications and product certification. This area includes activities related to Economic Construction Analysis.

• •

Environment and Construction Construction and New Requirements Existing Construction

The ITeC staff is made up of a multidisciplinary team of 100 persons.

Institut de Technologia de la Construcció de Catalunya Wellington 19 E-08018 Barcelona Spain phone +34 933 09 34 04 fax +34 933 00 48 52 euroconstruct@itec.es www.itec.es

Maintenance and Rehabilitation Area produces information, methodology and tools (software), for the planning and management of maintenance and for rehabilitation analysis and intervention.

•

Euroconstruct contact euroconstruct@itec.es

The Research Programme is the infrastructure for research projects development. The following research lines are open:

EP T

R O

euroconstruct_vorlauf_23_27_Annemarie.qxp

12.11.2009

16:39

Seite 26

ÂŠ Euroconstruct, Zurich November 2009

KOF Swiss Economic Institute Swiss Federal Institute of Technology Zurich (ETH) Zurich, Switzerland kof@kof.ethz.ch www.kof.ethz.ch

Field of activities KOF analyses the development of the Swiss economy from a shorter-term perspective (economic analyses and forecasts) against the backdrop of longer-term developmental trends (growth and structural change). The research projects, products and services provided by the KOF cover a broad spectrum of topics.

Organisation KOF currently employs more than 30 researchers. Some of them also lecture at the ETH and at the Zurich University. The institute is structured in the following three research divisions: Business Cycle Research; International Economics; Structural Change.

KOF Swiss Economic Institute ETH Zurich WEH D 4 Weinbergstrasse 35 8092 Zurich Switzerland phone +41 44 632 42 39 fax +41 44 632 12 18 kof@kof.ethz.ch www.kof.ethz.ch

Regular surveys (in the form of business, investment and innovation tendency surveys) guarantee an up-to-date, comprehensive information system for the short- and medium-term analysis of the overall economy, for individual branches of industry, for the construction sector and for cantonal/regional studies. The main activities of the KOF (analysis and prognostics of the Swiss economy, search for leading indicators, research on political economic questions) are therefore based on the business tendency survey results. Constant research based on modern empirical methods (econometric models for the overall economy and for separate branches of industry, time series analyses) assures that quality is maintained in the analysis and forecasting of cyclical developments and structural change.

Status The Swiss Economic Institute is an institute of the Swiss Federal Institute of Technology (ETH), and as such an independent body.

At an international level, the institute works together with authoritative organisations like the OECD and the IMF. KOF is an active member of various international academic and research associations (CIRET, AIECE, Euroconstruct). Since 2000, the CIRET office has been run at KOF.

Euroconstruct contact Yngve Abrahamsen abrahamsen@kof.ethz.ch phone +41 44 632 53 23 fax +41 44 632 12 18

R O

euroconstruct_vorlauf_23_27_Annemarie.qxp

12.11.2009

16:39

Seite 27

Member Institutes

Construction Forecasting and Research Experian's Business Strategies Division London, United Kingdom james.hastings@uk.experian.com www.business-strategies.co.uk

Construction Forecasting & Research (CFR) has for more than a decade focused on economic analysis of the construction and related industries. CFR is a part of Experian's Business Strategies Division, one of the UK's leading economic consultancies.

Our work is rooted in three fundamental areas: Individuals: we have exhaustive information on, and insight into, the demographic and socio-economic circumstances of individual consumers in every market that we research. We have over 30 years' experience in consumer segmentation and have built more consumer classification systems than any other organisation, globally. Markets: we have a detailed understanding of markets defined geographically, by product and by consumer or business type, which we use to help our clients benchmark and maximise their performance.

CFR works with clients in the private and public sectors, providing a better understanding of the industry in the context of the wider economic environment. We have a thorough and detailed knowledge of the factors that influence the various markets, types of work in the sector and its operational aspects. Our major strength lies in the location and analysis of construction related information to support clients' need for insight on past trends and forecasts of future developments. We have a portfolio of well-known and respected publications, including the industry-standard national construction forecasts and the “Foresight” regional forecasts. We also collaborate with our fellow Euroconstruct members to produce compatible forecasts for nineteen European countries on a six monthly basis. Our survey unit carries out a detailed monthly state of trade of survey in the UK for the European Commission.

Experian's Business Strategies Division provides an understanding of individuals, markets and economies in the UK and around the world. We have an international team of researchers, analysts and consultants, generating insight and advice on a wide range of marketing, public policy and business issues.

Economies: we model the current position and future prospects of local, national and global economies in terms of employment, output, consumer spending, investment, property and asset markets. We advise companies on which economies to operate in, and public policy makers on how to improve economic performance and raise social inclusion.

Construction Forecasting and Research Experian's Business Strategies Division, 6th floor Cardinal Place, 80 Victoria Street, London SW1E 5JL United Kingdom phone +44 20 7746 8263 fax +44 20 7746 8277 james.hastings@uk.experian.com www.business-strategies.co.uk

R O

Our work falls into the following categories: • Industry forecasting: short, medium and long-term construction forecasts, on a national and broad regional basis. • Workload surveys: regular surveys of construction activity, professional services, and industry structure. • Market research: the use and provision of all relevant information to help clients assess market size, structure, competition and opportunities for entry or diversification. • Economic analysis: research and reports on any aspects or sectors of the construction industry chain. • Statistics: data search, analysis and advice on the use and relevance to clients of macro economic and construction industry statistics. • Corporate research: company finance, profitability and future outlook. • International comparisons: specifically of European construction markets. • Seminars: presentations and lectures relating to any of the above areas.

Euroconstruct contact James Hasting james.hastings@uk.experian.com.

euroconstruct_vorlauf_23_27_Annemarie.qxp

12.11.2009

16:39

Seite 28

SA R EP T

R O

12.11.2009

16:40

Seite 29

Austria

1_Austria.qxp

Margarete Czerny margarete.czerny@wifo.ac.at Andrea Kunnert andrea.kunnert@wifo.ac.at Michael Weingärtler michael.weingaertler@wifo.ac.at

Austrian Institute of Economic Research Vienna, Austria www.wifo.ac.at

EC AUT BEL CZE DEN FIN

FRA GER HUN

IRL ITA

NED NOR

POR SVK ESP SWE SUI UK

R O

EUROCONSTRUCT

POL

68th Euroconstruct Conference Zurich, November 26 –27, 2009

1_Austria.qxp

12.11.2009

16:40

Seite 30

1 Summary

Austria is affected by the worldwide economic downturn following the financial crisis – its overall performance remains above the European average. Nevertheless real GDP plummeted by –3.4% in 2009, but growth is expected to pick up again already by 2010 (+1%). The timely implementation of several public stimuli for the economy (e.g. a cut in income taxes, car scrapping premium, infrastructure investments, etc.) significantly added to a rather prompt economic stabilization.

Total civil engineering is still an important bearer of the construction industry. The economic downturn put also pressure on this sector which leads to only a slight increase of +1.8% in 2009 even if there are several public projects on the way. In the forecasted period further growth is expected. Public stimulation programs will show – with a delay – their full output in 2010 and 2011. At this time growth rates of about +4.5% are expected and further +3.5% in 2011. This trend should continue also in 2012 (+3.7%). Total Construction Output by Sector from 2006 to 2012

Construction investments were also hit by the crisis but the stimulus packages of the government prevented a sharp decline. Total construction output falls by –3% in 2009 and by –1.5% in 2010. The construction sector will not pick up momentum before 2011. In 2012 an increase in total construction output is expected by +1.0% followed by a period of moderate growth rates.

Non-residential construction experienced the strongest downturn of all building segments. In 2009, new construction will drop by nearly –12%, the rate of decrease will slow down over the next several years, but a recovery is unlikely to occur before 2012. Only when firms need to extend their production capacities as a result of an improving overall economic situation and financial markets will be less tight, the demand for commercial, office and industrial buildings will pick up again. Especially public non-residential buildings for education are expected to grow over the next several years due to the stimuli packages of the government.

Index 2006=100

160 140 120 100

After a strong increase in residential construction in 2008, the downturn of new housing construction was significant in 2009. An effective stimulus package for the renovation sector can compensate the sharp decline in new housing demand. In 2009 new residential construction falls by –3% while the renovation sector is expected to increase by +3%. Therefore total housing output shrinks by only –1% due to the stimulus packages of the government in 2009. In 2010 a stronger decline is anticipated because of a significant lack of private demand in new housing construction (–2.4%). In 2011 housing construction could stabilize on a low level (+0.3%) with further slight increase in 2012 (+0.7%).

80 60

40 20

Total construction output

Residential construction

Non-residential construction

Civil engineering

2006

2007

2008

2009

2010

2011

2012

Source: Euroconstruct (68th Conference)

R O

1_Austria.qxp

12.11.2009

16:40

Seite 31

Austria

2 Macroeconomic Outlook

Increasing foreign demand supported by worldwide policies fosters industrial production in Austria. In the first half of 2009, being an export-oriented economy, Austria was severely hit by the worldwide economic slump – for 2009, exports are estimated to drop by –12%, resuming positive growth rates already by 2010. Sluggish consumption in the United States and also in Central and Eastern European Countries puts some hardship on Austrian export activity.

AUT A multitude of discretionary government policies were implemented to bolster Austria's economy and the wellestablished welfare system also contributed to a stabilization process. A combination of tax cuts to create some stimulus on the private demand side and expenditure approaches were applied, putting some hardship on Austria's public budget position. Besides the tax reform and support for small and medium sized enterprises, infrastructure investments were another major component of the stimulus package supporting the construction industry as a main driver of the economy. Overall, 1,435 million Euro are spent throughout 2009 and 2010, an overview is given in table 1. Some of the investments are comprised of additional funds, while others were preponed.

The current financial crisis also affects Austria's growth performance. After a period of sustained growth over the last years with GDP growth rates of +3.5% in 2007 and +2.0% in 2008, real growth plummeted in 2009. The economy is expected shrink by –3.4% actually. Given the domestic and international stimulus packages as well as an upward swing in several leading indicators, the Austrian economy is forecast to experience a slight recovery (+1.0%) by 2010 and (+1.5%) by 2011. Over the projected period, economic growth will be mainly policy driven and will strongly depend on the successful implementation of economic programs and the speed of recovery of Austria's main trading partners – a too early withdrawal of stimuli poses a significant risk to Austria's economic performance. Still, due to the fast response of public policy, Austria performs better than most other European countries.

The government deficit is expected to reach 4.5% of GDP by 2009 and more than 5% by 2010. In light of this, an excessive deficit procedure was initiated by the European Union. Still, these stimulus measures are justified by the current overall economic situation. The challenge will be to withdraw the measures at the right time: Neither a relapse into another recession at a too early withdrawal nor an excessive burden on public finances (also in light of increasing pension expenditures) will bolster a sustained recovery.

Private consumption expenditure is expected to grow only slowly over the next few years. Especially during 2009 – being a substantial component of Austria's economy – it is one of the main real growth drivers with only moderate price increases. The timely cut in income taxes clearly could outweigh some of the adverse effects of the financial crisis on the private sector. Due to the general rise in overall uncertainty, the saving rate is expected to rise once more in 2009 and to level off thereafter. Consumption is also negatively affected by the adverse effects of the overall economic downturn on the Austrian labor market. Some of the hardship could be absorbed by short-work, but the unemployment rate is expected to increase from 3.8% in 2008 to 5.3% in 2009 and will nearly reach 6% by 2010.

EP year to year change in %

4.0 3.0 2.0 1.0 0.0

-1.0 -2.0 GDP

-3.0

Total construction output

-4.0 2006

2007

2008

Source: Euroconstruct (68th Conference)

2009

2010

R O

The pace of slowdown in investment spending is expected to decrease by 2010 once industrial production recovers. With limited demand and excess capacities, firms are cautious to add to their capital stock. Construction investment is strongly hit and will not pick up momentum before 2011. Even though Austria never experienced a credit crunch and interest rates are relatively low, financial markets are tight (with high risk premiums) and difficulties to financing exist, restraining investments. Government programs targeted at small and medium-sized enterprises were put in place to enhance investment activity.

GDP and Total Construction Output from 2006 to 2012

2011

2012

1_Austria.qxp

12.11.2009

16:40

Seite 32

Table 1: Infrastructure Investments in the Economic Stimulus Packages 2009

2010

Million Euro ÖBB (construction and renovation of

175

railways and railway stations)

Economic Stimulus Package I

ASFINAG (highway construction and renovation)

BIG (federal real-estate company) Broadband infrastructure Thermal insulation of residential and

Economic Stimulus Package I

355

520

Economic Stimulus Package II

Economic Stimulus Package I

100

Economic Stimulus Package II

690

745

non-residential buildings

M Total

Source: WIFO (2009).

Table 2: Macroeconomic Key Indicators in Austria 2006 to 2012 (Annual percentage change)

2007

2008

2009

2010

2011

2012

3.5

2.0

–3.4

1.0

1.5

2.0

2.4

0.8

0.2

0.5

0.6

0.7

Gross fixed capital formation

1.4

Unemployment Rate

4.8

Inflation

1.5

GDP Private consumption

2006

1.8

–6.1

–0.4

3.0

4.0

4.4

3.8

5.3

5.8

5.6

5.4

2.2

3.2

0.5

1.3

1.6

1.7

Source: Statistics Austria, WIFO forecasts 2009 – 2012.

3.8

R O

1_Austria.qxp

12.11.2009

16:40

Seite 33

Austria

3 Housing Market

The economic crisis hits the housing market in 2009 after a significant increase in housing production from 2006 to 2008. The decline of total housing construction (new & renovation) will be moderate with –1% in 2009, mainly because of remedial public measures. A stronger decline is expected for 2010 because of a lack of private demand in new housing construction (–2.4%). In 2011 housing construction could stabilize on a low level (+0.3%) with further slight increase in 2012 (+0.7%).

AUT

In the multi-story segment a decline in new construction can be observed as well. Also housing developers are cautious with new rental or co-operative buildings; the construction of new freehold flats is declining. Private building companies are expecting that fewer households can afford expensive freehold flats. In Austria public housing subsidisation plays an important role in new housing construction, but since 1st of January 2009 the appropriation of the financial funds for housing expired. This could lead to a reduction of the financial support for housing because more and more federal states are under financial pressure. So, it is likely that these previous public housing funds will be used for balancing the state budgets. This would limit the growth potential of new housing significantly. Construction of flats will also suffer from the current tense situation of the housing banks which play – beside the public housing subsidisation programs – an important role in Austria. Also housing banks show a restrictive financing behaviour, which led to a decrease of the financing volume – this puts additional pressure on the multi-dwelling housing sector.

In the first half of 2009 new residential construction output declined by –4.5% (Statistics Austria, 2009) after a strong increase in 2008. The Austrian government took actions against the crisis already in autumn 2008. This also included a stimulus program for thermal and energy efficient renovation with a volume of 100 mill. Euro (50 mill. Euro for housing and 50 mill. Euro for non-residential buildings). In April 2009 this subsidisation was granted in form of a so called “renovation cheque” which was limited to a maximum of 5,000 Euro public support for private thermal renovation works in one and two family houses. Around 11,000 persons took advantage of this subsidisation within the first 2½ month. Estimations show that about 650 to 800 mill. Euro on additional renovation contracts were assigned in the construction industry. This public measure supported especially small and medium sized enterprises and was also an important step towards CO2 reduction to reach the Kyoto climate target. This subsidisation secured about 7,000 jobs in the construction industry and prevented a stronger decline in employment.

The crisis additionally led to a very restrictive policy in granting housing loans. The degree of creditworthiness of potential clients is checked more intensely. Despite favourable interest rates, private house builders will more often delay the investment decision because of the general high insecurity of economic recovery, the increase in unemployment and the restricted access to housing loans. This will lead to a sizable decline in private housing demand in the years 2010 and 2011. In 2012 an improvement of this situation might be expected in course of the overall economic recovery.

The economic crisis also led to a reduction of dwellings permitted. From 2002 until summer 2009 permitted and completed dwellings could be only estimated because of a lack in official statistics. Statistics Austria compiled data on permitted and completed dwellings until the reporting year 2002, after then no legal basis existed for the collection and provision of this data. Delays in creating the new legislation and unreliability of the data due to low response rates impede the publication of more recent results obtained in conjunction with the “Address, Buildings and Dwellings Register” into the indefinite future (Statistics Austria, 2009).

R O

Housing renovation was stimulated by the government nevertheless the economic crisis led to a reduction in new construction of one and two family houses. Demand for financial means from housing savings banks and for loans for housing in general declined. The strong downturn was obvious especially in the first half of 2009 with a decline of the total financing volume by –15%. The weak private demand for new housing will further tighten in 2010. Private expenses in housing renovation rose significantly in 2009 but at the end they cannot compensate the downturn of the financing volume in new construction. With a share of over 50% of the total loan volume, it is the most important sector of the Austrian savings banks.

Lack of private demand in new housing construction

Excursus on permitted and completed dwellings

Since September 2009 official figures for permitted dwellings are available from Statistics Austria. The change of the data collection method led to an underestimation of the current public (preliminary) figures. The weak feedback of the local authorities retarded the publication of

1_Austria.qxp

12.11.2009

16:40

Seite 34

4 Non-residential Market

The figures for building permits, starts and completions in this Euroconstruct report cover the whole sector (including rebuilding, extension or reconstruction). Starting from the permits provided by Statistics Austria and including the estimations for rebuilding, extension or reconstruction in new housing construction as well as dwellings in non-residential buildings the total housing permits amount to 40,400 units in 2008. Because of the weak housing demand the permits will decline from 36,600 in 2009 to 35,100 in 2011 when the bottom should be reached. In 2012 a recovery of the housing demand is expected, nevertheless the number of building permits will be considerably lower than at the beginning of the crisis.

The Austrian non-residential market was known as a rather stable market in international comparison. Still, the consequences of the overall economic downturn affect this sector the most and losses are sizeable for the upcoming years – a recovery is not expected before 2012. One of the reasons is that financing remains difficult. Also, many projects have been postponed. Limited financing restraints can be found, however, for projects in top locations built according to modern standards and ideally with large shares already pre-let or pre-leased. Furthermore, the overall decline in this building segment should be put into the perspective of extensive growth over the last years during Austria's economic upswing.

The publication of the official number of building permits led also to a revision of the housing permissions in Austria. The revised calculations showed that in 2008 around 46,700 units were completed. In 2009 a downturn to 43,300 units is very likely. In 2010 and 2011 a further decline to 39,200 and 36,300 is forecasted facing a very slow recovery of the overall economy. Even in 2012 it is quite likely that the number of completed houses will further decline to 35,100 units.

In the non-residential sector economic stimuli play an important role in stabilizing parts of the market. The federal real-estate company (BIG – Bundesimmobiliengesellschaft) is concerned mainly with buildings for education and buildings for other public purposes. It manages over 7 million m², 41% of which are schools, another 23% universities, and the remainder consists of office and other non-residential buildings (BIG Business, July 2009). The economic stimulus packages include an increase of public non-residential investment of the federal real-estate company BIG (total investment of 875 million Euro in 2009 and 2010 – thereof two thirds are related to the construction sector). Building investment should mainly stimulate thermal insulation, renovation and maintenance but also for new projects. At the moment, projects worth nearly 5 million Euro are executed, and long-term projects valued 1,500 million Euro are currently prepared. Overall, the large public support explains the higher growth rates in educational buildings 2009 and 2010.

these figures in previous years. According to Statistics Austria around 38,885 dwellings were permitted in 2006, 35,316 in 2007 and 30,806 in 2008. It has to be considered that, in comparison to the previous statistics before 2002, the new figures do not include rebuilding, extension or reconstruction and dwellings in other buildings.

Housing Completions from 2006 to 2012

in thousands 30 25 20 15

1+2 family dwellings

Flats

0 2006

2007

2008

Source: Euroconstruct (68th Conference)

2009

2010

2011

2012

R O

Other areas, such as industrial, office and commercial buildings face a far dimmer future as they are more dependent on the overall economic outlook. The Austrian office market faces an era of re-dimensioning after a period of expansion, additionally there is a shift from luxury to medium-priced objects. While projects under construction are being completed, new projects still in preparation are generally cancelled or delayed as financing is still aggravated though not impossible. Also, there was a significant reduction in the demand for office space. As an overall result, rents are currently decreasing on average, while an increase in the vacancy rate is observable

1_Austria.qxp

12.11.2009

16:40

Seite 35

Austria

at the moment – due to elevated uncertainty and risk adversity, the supply of new office space will experience a downward trend for the next several years, even though regional differences are likely to exist (CBRE, 2009; EHL, 2009).

5 Civil Engineering Market Civil engineering market is one of the key drivers of the Austrian construction market in this decade. Since 2000 this sector grew constantly (except 2001) reaching its current peak in 2008. The volume amounted to 7.7 billion Euro in 2008.

AUT

Nevertheless the civil engineering market is under pressure. It is also suffering because of the financial crisis. Public funds help to stabilize the volume in 2009 where a slight increase of +1.8% is expected. Investments funded by the economic stabilization programs with a volume of 200 million Euro for highway road infrastructure and 700 million Euro for railway networks (including renovation and reconstruction of railway stations) will influence the sector especially in 2010 and 2011 positively.

Road and Infrastructure works The main focus in rail and road construction is put on the interconnection with the Trans-European routes. These routes are additionally supported with public funds by the European Union with an estimated volume of 670 mill. Euro in the period 2007 to 2013.

The retail market segment also experiences a strong downward trend as turnover in retail trade plummeted in the beginning of 2009. Only locations in well-established areas in Vienna and regional capitals show some stability, demand for new shopping centers is generally limited (also because of the already high density) and strongly depends on location and size. In the hotel sector, despite relatively stable convention tourism, the decline in leisure tourism puts a strain on the market; new hotels are currently especially developed in top and low budget categories, but a main focus is also refurbishment (Colliers International, 2009). Given the current economic slump and uncertainty about the future, the total commercial building sector is due for a very slow recovery. A similar trend can be observed for the industrial building segment. The sharp decline in industrial production in 2009 also took its toll in this sector and a general recovery is only expected for 2012; again, good locations with modern infrastructure are still in demand.

New Non-Residential Construction % change per year

% of total (average of 2007–09)

Buildings for education

Buildings for health

13%

Industrial buildings

25%

Storage buildings

19%

Commercial buildings

35% average

Agricultural buildings

2007–09

Miscellaneous

2010–12

-15

-10

-5

Source: Euroconstruct (68th Conference)

4% 10

Office buildings

The current main projects in road infrastructure – mainly in highway construction - are the northern route “A5 – Northern Highway” (from Eibelsbrunn to Schrick) and parts of the express way “S1, S2 and S33”. The most relevant projects coming up are: • the connection of the A5 to the boarder of the Czech Republic starts in 2010 with a volume of 380 mill. Euro • S34 St. Pölten – Wilhelmsburg start in 2010 with a volume of 169 mill. Euro • S1 Schwechat – Süßenbrunn starts in 2011 with a volume of 1.7 bn. Euro • S8 to Marchegg, boarder to Slovakia starts in 2011 with a volume of 608 mill. Euro • S3 Hollabrunn – Kleinhaugsdorf to Czech boarder starts in 2012

R O

Total infrastructure including train, airport and water way investments will increase by +2.0% in 2009 and by 4.2% in 2010 when the public measures fully take effect.

1_Austria.qxp

12.11.2009

16:40

Seite 36

Energy and water works

Energy The demand for energy is continuously rising and the regionally changing environment – regarding supply and demand of energy – lead to an expansion of electricity production as well as of the distribution networks. E-Control calculations showed that the planned power plants will lead to additional capacities of 7 628 MW until 2016. At this time the total power plant capacity will be around 26 810 MW in Austria.

Currently 40 water power plants are in the planning or approval phase with a yearly capacity of 2.9 billion kilowatt hours. The investment sum of these projects amount to 5.6 billion Euro. This is nearly half of the total investment plan until 2020 (13.3 billion Euro).

All in all the sector energy and water works increased in 2008 significantly with a growth rate of 9% mainly because of the urban water management investments. In 2009 growth of about 3% is expected with further increase by +5% and +4% in 2010 and 2011 mainly because of the investments in the power grid and power plants. Outlook in civil Engineering In total civil engineering only a slight growth of 1.8% is expected for 2009 mainly because of the peak in 2008. Full potential of the public infrastructure stimulus packages will be realized in 2010 and 2011. In the forecasted period further increase is expected with growth rates of about +4.5% in 2010 and +3.5% in 2011. This trend should continue also in 2012 (+3.7%). Total Civil Engineering

Roads

35%

Transport-related Infrastructure

Railways

17%

Not transport-related Infrastructure

Telecommunications

Energy and water works

18%

2007–09

Other

-2

average

EP 0

2010–12

Source: Euroconstruct (68th Conference)

R O

Water works Investments in urban water management increased significantly in 2008, mainly because of the high demand for the public funds. The net present value of the subsidisation

23%

Other transport

According to the Association of Austrian Electricity companies the investment volume in 2009 and 2010 will be about 2.3 billion Euro. This is significantly more than in the last years and it should be a contribution to the economic stimulus programs. A delay of these investments is expected because of long handling times (mainly because of the environmental approval) so the construction sector in this area will mainly benefit in the years 2010 and 2011.

% of total (average of 2007–09)

% change per year

The most important projects, which go through the environmental approval phase, are the power plants in Telfs, Koralpe, Feldsee II, Kühtai, Reisseck II and a project on the Inn river. These projects have a volume of 1 billion Euro. Additionally around 500 million Euro is currently invested in projects in the areas of wind/sun/and biomass with a yearly capacity of 600 million kilowatt hours. Above this, power lines in Salzburg and the north-south connection in Styria will be expanded.

volume was 4 billion Euro in the water management sector over the last 15 years (277 million per annum). This lead to investments of 13.8 billion Euro in this 15 years period (922 million p.a.) – it has to be considered that this reflects the estimated volume of the applications while only 66% of the total subsidisation volume was paid-out.

1_Austria.qxp

12.11.2009

16:40

Seite 37

Austria

Definitions

Table 4a

Table 1 •

Population, Households: Statistics Austria, new prognosis from 2008 on. Main scenario. Unemployed: Austrian Public Employment Service, WIFO-forecast. Unemployment rate: Labour Force Survey, EUROSTAT definition. GDP, Prices, Interest rates: based on WIFO-September 2009 forecast

•

SA •

Square meters refer to the permitted gross floor area from Statistics Austria. Note: First official (preliminary) data is only available for total non-residential construction and office buildings. Other square meter values are an estimation based on the production output. All square meter values do not include rebuilding, extension or reconstruction. • Education buildings: Estimated volume of BIG investment scheme • Offices: They include also other buildings for administration • Miscellaneous: Buildings for sports and leisure time

AUT

Table 4 b •

Other transport includes the Danube water way and airport infrastructure as well as public transport.

Table 2 •

Table 5 •

Volume private consumption, public consumption, etc: at market prices, VAT included. Forecasts based on WIFO mid-term outlook.

Table 3

Construction output includes do it yourself, black economy and exports. New calculation based on the revision of the national accounts (2005–2008), the latest ÖPRODCOM production figures and the short term statistics in industries and construction.

Permitted dwellings are based on the new official figures of Statistics Austria (15th September 2009). They also include estimations for rebuilding, extension and reconstruction in existing buildings and dwellings in other buildings. • New definition for 1+ 2 family houses: Buildings with one dwelling • New definition for flats: Buildings with two and more dwellings • Building starts: No official statistics available. Assumption: 50% of the permits start with one year delay and 50% of the permits start in the same year. • Building completions: No official statistics available. Assumption in one family houses: Construction work takes one year in average. Assumption for flats: 1.5 to 2 years in average. • Housing stock: annual average rate • Second homes, Vacancies, Home ownership rate: Microcensus, Statistics Austria.

EP T

R O

1_Austria.qxp

12.11.2009

16:40

Seite 38

Country/Pays/Land: Austria

Table 1

EUROCONSTRUCT

Main demographic and economic indicators Principaux indicateurs démographiques et économiques Wichtige demographische und ökonomische Indikatoren Forecast

Outlook

2007

2008

2009

2010

2011

2012

Population ('000s) Population Bevölkerung

8 282

8 325

8 337

8 369

8 397

8 427

8 462

Households ('000s) Ménages Haushalte

3 513

3 543

3 569

3 595

3 621

3 647

3 676

239

222

212

268

302

290

280

3.8

5.3

5.8

5.6

5.4

-3.4

1.0

1.5

2.0

2006

Unemployed ('000s) Chômeurs Arbeitslose

Unemployment rate (%) Taux de chômage Arbeitslosenquote

4.8

4.4

3.5

Consumer prices (% change) Prix à la consommation Verbraucherpreise

1.5

2.2

3.2

0.5

1.3

1.6

1.7

2.7

3.8

4.4

3.0

3.2

3.0

3.1

4.3

4.6

3.8

4.3

Short term interest rate 2) Taux d' intérêt à court terme Kurzfristiger Zinssatz 3)

1) Refers to new construction only 2) 3-month interbank rate (or equivalent) 3) 10-year government bonds (or equivalent)

1.3

1.5

2.0

2.5

3.8

4.0

4.3

Long term interest rate Taux d' intérêt à long terme Langfristiger Zinssatz

R O

Prix de la construction Baupreise

2.0

Construction prices (% change)

Change of GDP Variation du PIB Veränderung des BIP (% change in real terms)

1_Austria.qxp

12.11.2009

16:40

Seite 39

Austria

Country/Pays/Land: Austria

Table 2

EUROCONSTRUCT

Construction by type Production par type d'ouvrage Bauproduktion nach Sparten

Residential construction Logement

Wohnungsbau

AUT % change in real terms

Volume 1) mill. euro 2008

Forecast

2006

2007

2008

2009

2010

2011

2012

New

9 755

4.0

1.7

3.5

-3.0

-4.5

-0.5

0.5

Renovation

4 887

2.4

2.0

1.0

3.0

1.5

1.8

1.0

Total

14 642

3.5

1.8

2.7

-1.0

-2.4

0.3

0.7

Non-residential construction Bâtiments non résidentiels übriger Hochbau

New

6 185

1.9

1.7

-10.0

-11.6

-7.3

-4.0

0.2

Renovation

2 223

0.2

3.7

-4.3

-9.0

-2.7

-6.8

-7.0

Total

8 408

1.5

2.2

-8.6

-10.9

-6.1

-4.8

-1.8

Building

Outlook

15 940

3.1

1.7

-2.2

-6.3

-5.5

-1.8

0.4

Renovation

7 110

1.7

2.6

-0.7

-0.8

0.3

-0.6

-1.1

Hochbau

Total

23 050

2.7

2.0

-1.7

-4.6

-3.7

-1.4

-0.1

Civil engineering

New

Bâtiment

Génie civil

TOTAL CONSTRUCTION OUTPUT

Total

6 209

3.0

7.2

15.0

1.4

4.0

3.1

3.5

1 552

3.9

10.2

3.4

6.5

5.0

4.5

7 761 30 811

Tiefbau

Renovation

New

3.2

6.5

14.0

1.8

4.5

3.5

3.7

2.8

2.9

1.8

-3.0

-1.5

0.0

1.0

mill.. tons Domestic cement consumption Consommation intérieure de ciment Inländischer Zementverbrauch

5.82

R O Forecasts

2008

Outlook

2006

2007

2008

2009

2010

2011

2012

2.5

-19.0

-9.5

-3.5

0.0

2) Re-calculation due to a revision of the national accounts of Statistics Austria 9/2009.

1) At 2008 prices, excluding taxes. 1 euro = 13.7604 ATS

1_Austria.qxp

12.11.2009

16:40

Seite 40

Country/Pays/Land: Austria

Table 3

EUROCONSTRUCT

Residential construction Construction de logements Wohnbau Thousands dwellings Forecast

2006

2008

2009

2010

2011

2012

1+2 family dwellings Individuels Familienhäuser

20.2

18.8

17.5

16.0

15.3

15.1

15.4

Flats Collectifs Mehrfamilienhäuser

28.3

26.1

22.9

20.6

19.8

19.7

20.2

TOTAL

48.5

44.9

40.4

36.6

35.1

34.8

35.6

1+2 family dwellings Individuels Familienhäuser

19.6

19.5

18.1

16.7

15.7

15.2

15.3

Flats Collectifs Mehrfamilienhäuser

27.4

27.2

24.5

21.8

20.2

19.8

20.0

TOTAL

47.0

46.7

42.7

38.5

35.9

35.0

35.2

1+2 family dwellings Individuels Familienhäuser

19.2

19.6

19.5

18.1

16.7

15.7

15.2

Flats Collectifs Mehrfamilienhäuser

26.7

27.2

27.3

25.2

22.5

20.6

19.9

TOTAL

45.9

46.8

46.7

43.3

39.2

36.3

35.1

3 910

3 947

3 983

4 016

4 066

4 092

4 117

thereof second homes dont résid. secondaires davon Zweitwohnungen

270

271

270

268

270

thereof vacancies dont inoccupés davon leerstehend

294

293

290

share of family dwellings (%) part des maisons individuelles Anteil Familienhäuser

47.2

47.7

46.3

46.5

46.9

46.4

46.2

57.6

57.9

56.4

56.8

57.0

56.7

56.5

Building permits Logements autorisés Baugenehmigungen

2007

Outlook

Housing starts Logements commencés Baubeginne

Housing completions Logements terminés Baufertigstellungen

Housing stock Logements existants Wohnungsbestand

1) Re-calculation because of new available Statistics 2) Cf. Appendix to the individual country report

R O

Home ownership rate Taux de propriétaires occupants Wohnungseigentumsquote

1_Austria.qxp

12.11.2009

16:40

Seite 41

Austria

Country/Pays/Land: Austria

Table 4a

EUROCONSTRUCT

New non-residential construction (public and private) Construction neuve non résidentielle (publique et privée) Neuer Nichtwohnbau (öffentlich und privat) Volume mill. euro 1)

m2 x 1000

2008

AUT

% change in real terms Forecast

2006

2007

2008

2009

2010

Outlook

2011

2012

160

1.8

1.7

3.0

15.0

8.0

3.0

0.0

Buildings for health Bâtiments de santé Gebäude des Gesundheitswesens

805

263

0.0

1.0

-6.5

-11.4

-7.0

-3.0

1 547

505

1.6

2.5

-12.0

-15.0

-10.0

-5.0

0.5

4.2

2.1

-7.0

1.5

-2.0

-2.8

1 185

397

2.9

1.7

-11.0

-12.0

-8.0

-4.0

1.0

-9.5

-10.0

-7.0

-3.5

0.0

Buildings for education Bâtiments de l'éducation et de la recherche Gebäude des Bildungswesens

Industrial buildings Bâtiments industriels Industriegebäude

Agricultural buildings Bâtiments agricoles Landwirtschaftsgebäude

Total Insgesamt 1) At 2008 prices, excluding taxes. 1 euro = 13.7604 ATS

247

6 185

707

2.4

1.2

3.8

0.2

0.5

-2.0

-7.8

-2.0

-0.5

0.4

2.7

-17.5

-22.0

-6.4

-14.6

10.3

2 019

1.9

1.7

-10.0

-11.6

-7.3

-4.0

0.2

R O

Miscellaneous Autres Sonstiges

2 165

Commercial buildings Commerces Geschäftsgebäude

Office buildings Bureaux Bürogebäude

Storage buildings Bâtiments de stockage Lagergebäude

1_Austria.qxp

12.11.2009

16:40

Seite 42

Country/Pays/Land: Austria

Table 4b

EUROCONSTRUCT

Total civil engineering Ensemble du génie civil Tiefbau insgesamt

2008

Forecast

Outlook

2006

2007

2008

2009

2010

2011

2012

Roads Réseau routier Straßen

2 783

7.5

8.5

22.0

1.5

3.8

5.0

6.0

Railways Voies ferrées Bahnanlagen

1 721

6.5

4.0

5.0

2.0

3.3

2.0

-0.5

Other transport Autres réseaux Übrige Verkehrsinfrastruktur

1 331

0.1

7.6

24.7

3.0

6.2

0.2

5.5

5 835

5.5

6.8

17.0

2.0

4.2

3.0

4.0

2.0

1.5

-5.0

1.5

1.2

1.0

3.0

9.0

3.0

5.0

4.0

Transport infrastructure Infrastructures de transport Verkehrsinfrastruktur

TOTAL

110

Energy and water works Réseaux d'énergie et d'eau Energie- und Wasserversorgung

Telecommunications Télécommunications Telekommunikation

Total 1) At 2008 prices, excluding taxes. 1 euro = 13.7604 ATS

1 341

475

7 761

1.3

4.3

Other Autres Sonstiges

% change in real terms

Volume 1) mill. euro

-12.7

10.6

0.1

-4.0

7.7

8.9

-0.6

3.2

6.5

14.0

1.8

4.5

3.5

3.7

R O

1_Austria.qxp

12.11.2009

16:40

Seite 43

Austria

Country/Pays/Land: Austria

Table 5

EUROCONSTRUCT

Gross domestic product Produit intérieur brut Bruttoinlandprodukt

AUT % change in real terms

Volume bill. euro 1) 2008

Private consumption 2) Consommation privée Privater Verbrauch

148.9

Public consumption Consommation publique Staatsverbrauch

52.6

Forecast

Outlook

2006

2007

2008

2009

2010

2011

2012

2.4

0.8

0.2

0.5

0.6

0.7

1.4

1.7

3.2

0.8

1.5

1.1

1.0

3.8

1.8

-6.1

-0.4

3.0

4.0

Gross domestic fixed capital formation Formation brute de capital fixe Anlageinvestitionen

Total

61.5

1.4

of which construction 3)

Stocks (contribution as % of GDP) Variations de stocks Vorratsveränderung

2.5

Imports Importations Importe

151.1

GDP PIB BIP

281.9

Standard National Accounts, gross figures

9.4

0.8

-12.0

2.2

3.5

5.0

6.8

7.3

-0.7

-10.1

1.6

3.1

4.5

3.5

2.0

-3.4

1.0

1.5

2.0

2) Including final consumption expenditure of NPISH's, ISBLM inclus, einschließlich POoE

1) At 2008 prices. 1 euro = 13.7604 ATS

8.2

R O

167.3

Exports Exportations Exporte

3) Including net aquisitions of valuables, net aquisitions d'objets de valeur inclus, inkl. Nettozugang an Wertsachen © EUROCONSTRUCT

1_Austria.qxp

12.11.2009

16:40

Seite 44

SA R EP T

R O