It is expected that construction volume in 2002 will drop with 2.5% to € 42.3 bln. Not only the worsening economic conditions but also the laborious procedures on the housing market contributes to this decline. After 2002 it is expected that a recovery will take place and annual production will increase by an average of 1.5%.
These conclusions stem form the Economic Institute for the Construction Industry’s report ‘Verwachtingen bouwproductie en werkgelegenheid in 2002’ (‘Expectations construction volume and employment in 2002’).
For more detailed information please visit www.eib.nl.
(source: EIB – Economic Institute for the Construction Industry)
