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Construction industry: light at the end of the tunnel?

Date 19/06/2014

June 2014 - FIEC publishes the new edition of its yearly statistical report. 


According to data provided by its members from all over Europe, FIEC estimates a decline of 2.3% in overall EU construction activity in 2013 and forecasts stabilisation of activity in 2014 (+0.1%).

The post-crisis situation varies greatly from one country to another and from one segment to another, but all in all, EU total construction output amounted to €1,162 billion in 2013 and the industry remains one of the major engines of Europe’s growth. It represents 8.8% of EU GDP and 2.9 million enterprises – most of which are SMEs. Construction also provides jobs for 13.8 million workers, which represents 6.4% of Europe’s total employment.

FIEC insists that there can be no growth without investment. Also, blind austerity is no solution. European and national decision-makers have to take into consideration the potential contribution of the construction industry to EU growth when deciding on structural and fiscal reforms or budget cuts. 

To order a copy of the FIEC statistical report – edition 2014, please contact the FIEC secretariat: info@fiec.eu

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