Page 86 - Sigmaroc Annual-Report 2023
P. 86
SIGMAROC ANNUAL REPORT 2023 STRATEGIC REPORT
EU construction forecast1
(% change in real terms)
Non-res. building Residential building
7
0.9
4.0
3.1
4
Civil engineering
3
2.4
4
-0.6
-4
0.4 -0.3
-7
1.9
-3
-8.3 2020
2021
2022
2023
2024F
2025F
2026F
2.0
0.7
2.1 2.4
1.4
1. In Belgium, France, Germany, Ireland, Norway, Sweden, Finland, UK, Czechia, Poland, Spain SOURCE: Consulting firm
• Construction market softened in 2023, particularly in residential
• Outlook for 2024 improved but residential remains soft
• Interest rate drops should improve situation in H2 and beyond
• Return to growth in all areas expected from 2025
• Long term drivers underpin both residential and infrastructure construction
CDH quarry covered in by snow and fogg in Soignies, Belgium
