It is expected that construction volume in 2002 will drop with 2.5% to â‚¬ 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 Industryâ€™s report â€˜Verwachtingen bouwproductie en werkgelegenheid in 2002â€™ (â€˜Expectations construction volume and employment in 2002â€™).
For more detailed information please visit www.eib.nl.
(source: EIB â€“ Economic Institute for the Construction Industry)