- Construction industry
After the economic and financial crises, the construction sector has started to somewhat recover. The construction investment is set to slightly accelerate, in the euro area is expected to grow by 2.8% in 2017 and by 3.5% in 2018. Total EU construction output is forecast to rise by 2.8% in 2017, and accelerate to 3.5% in 2018.
- Equipment market
The year 2017 started off with an increasing dynamism with European construction equipment sales growing by 21% in the first quarter, compared to Q1 in 2016. Most regions recorded growth, except for the Turkish market and Central and Eastern European countries. Similarly, most equipment sub sectors saw growth of between 20% and 30%, except for concrete equipment. While recovery across the countries in Europe is at different stages, overall, the growth seen in the European equipment market was the strongest first quarter start to a year since the economic crisis.
Second half of 2016 has seen a slight growth in the European construction equipment sector, which continued in the Q1 of 2017. The positive development of markets is resembled in a very favorable business climate of the European equipment manufacturers.