According to the estimates of the 19 Euroconstruct institutes, of which the Ifo Institute, at the University of Munich, is the German representative, the fall expected for 2010 will amount to about 4%. Accordingly, from 2008 to 2010, the extent of construction measures will fall by about 15% to ca. €1.26 trn (in 2009 prices). Construction volume increased in only two Euroconstruct countries in 2009 – - in Poland and Switzerland. In the other 17 member countries, developments were quite mixed. Whereas the decline was quite moderate in Germany, for example, Ireland and Spain reported dramatic drops.

Related posts:

  1. European residential construction fell by one-fifth in 2008 and 2009 – - back to 1995 level; Further dip of 2% expected in 2010
  2. Irish construction activity fell in June for 37th straight month: Pace of decline eased
  3. Irish Construction activity continued to decrease in May; Strongest optimism in thirty-eight months
  4. Irish Consumer Prices fell by 5.0% in the year to December 2009 – - first full-year decline since 1931
  5. Irish Gross Domestic Product and Gross National Product fell 7.1% and 11.3% in 2009 — the largest decline in output ever recorded in a single year since 1922