Month: July 2014

According to the latest half-yearly report issued in June 2014 by the Euroconstruct research agency, aggregated construction output for the EU countries fell by 2.7% in real terms in 2013 to the lowest level in 20 years (at constant prices). However, Euroconstruct report that the European construction market hit bottom last year and forecast average growth of 1.8% per year between 2014 and 2016. This new growth rate forecast is 0.2% greater than the previous Euroconstruct forecast in November 2013.