EUROCONSTRUCT REPORT 2013 PDF

The report is provided for informational purposes only and without any obligation, whether contractual or otherwise. No warranty or representation is made as to the correctness, completeness and accuracy of the information supplied or the forecasts made. It has since expanded from the core group to include almost all Western European countries, as well as 4 Central Eastern European countries. Construction markets are regional or even local.

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The report is provided for informational purposes only and without any obligation, whether contractual or otherwise. No warranty or representation is made as to the correctness, completeness and accuracy of the information supplied or the forecasts made. It has since expanded from the core group to include almost all Western European countries, as well as 4 Central Eastern European countries. Construction markets are regional or even local. Construction market overview Oebele Vries ovries eib.

The following notes describe which are the most common definitions of the concepts of the Euroconstruct report among the different countries. These definitions do not apply literally to each of the 19 countries, so readers are encouraged to check the specific methodological notes of each country in order to identify the possible deviations from these standards that may apply to that particular market.

Construction Output Production is calculated according to branch definition, including not just works done by construction firms, but also works done by all firms that execute construction work regardless of the industry group they belong to. VAT or any other sales tax are not included. Second homes also include cottages, huts, shacks, chalets, etc.

When second homes are a market product that is different from permanent homes design, sizeā€¦ and that market is big enough to be noticeable, and statistics allow them to be distinguished from permanent homes, they may be excluded from the figures for permits, starts or completed dwellings. However, they still are included in stock figures. Investments in second homes are also included in residential construction.

A residential building is considered completed when either a temporary permission to use the building is given by the competent authority, or when a certificate for completion is issued by the competent authority.

This certificate should be given when final documentation about the building and a declaration from the builder that the building is completed is available. Production of civil engineering in general follows the same rules, so the value of investments and maintenance in civil engineering includes all intermediate products and not only the civil engineering part.

Non-residential This category includes every other building that is not considered residential. The following cases are also treated as non-residential:. Non-residential surface is measured as utility floor space, which is the floor area measured within the outer walls. Buildings related to transport infrastructures such as railway stations and underground stations, airport terminals, air traffic control towers, telecommunication buildings, etc.

Renovation with change of use Sometimes building renovation is related to a change of end use: from residential to non-residential buildings and vice versa.

When a non-residential building is transformed to a residential building, the value of this production is included in residential renovation. And vice versa. The category of water works includes infrastructures for water supply, sewer and waste water transport and treatment; either for drinking water, irrigation, industrial water or river flow maintenance.

Gross Domestic Product To be comparable to the rest of the figures in Table 5, gross fixed capital formation in construction is measured at market prices, in contrast to the measure used in Tables 2, 4a and 4b that considers output at production prices, that is, without sales taxes or sales subsidies.

The category of other civil engineering includes infrastructures for agriculture, forestry and fishery, civil engineering facilities for the industry that can not be considered buildings, outdoor sports and leisure facilities for example, amusement parks. Not only the forecasts are updated in each report, but also the previously published data from the national accounts are revised regularly. The revisions affected almost without exception all economic areas according to official publications by the national statistics agency Statistics Austria.

It represents a residual component which can be attributed to current account imbalances due to international trade and capital flows. Permits, starts and completions refer to new dwellings in new residential buildings. Permitted dwellings until are based on the official figures April from Statistics Austria. Flats: Buildings with three and more dwellings in previous reports they referred to buildings with two and more dwellings.

Building starts: No official statistics are available for Austria. The provided number is based on estimates considering a delay and drop out between permits and housing starts. Building completions: The results reported in this publication differ from official statistics from Statistics Austria.

The reason for this deviation lies in the incomplete and delayed reporting to and from municipalities which severely affects data quality. Data included in this report are based on housing permits and historical rates of completions. Housing stock: Annual average. The housing stock is a forward projection of the register based census Significant methodological changes in the census resulted in a higher housing stock.

Second homes. Non-intensive private repair and maintenance measures were estimated by WIFO. Self-production Do It Yourself and construction output producing construction goods for their own use, such as the railway companies for instance is excluded, as is the black economy and export.

The figures presented are, therefore, estimates. Family house has up to 2 above-ground storeys and includes max. Change: Contribution to GDP growth. Two-family houses and modern low-rise construction, terraced houses and similar are included in the category of Flats, beginning , as a compromise between the available figures and the standard definitions in this report.

Also does not include households living in a rented home, even if they own a secondary holiday home. Health: Hospitals and other health-related construction. Industrial Buildings: Industrial buildings. Includes warehouses which form part of the industrial set-up as such. Storage Buildings: Distribution centres, warehouses etc. Office Buildings: Office buildings and buildings with a number of other functions but offices as the main element. Commercial: Wholesale and retail trade buildings, hotels, restaurants and related service buildings, transport-related buildings and a number of others.

Agricultural: Non-residential farm building of a wide variety, including gardening-buildings, greenhouses etc. Miscellaneous: A number of diverse types. Note that a number of sub-categories have been moved to the commercial category, in accordance with the standard definitions used in this report. For more details see the Country report. Unlike editions of this report prior to June , it does not include other social services.

Construction works by a national company done abroad is not included. Includes building materials for household DIY even though a small, but unknown fraction of this is new construction. Other work is obviously new construction. Volumes based on registered building starts in m3, estimated building costs and building times in different categories of buildings, calculations of money used in separate years.

The data comes late to the register and has underlap. Forecon estimates frequently the underlap of the data. It now includes updated construction durations, applied on quarter building starts.

Thus figures from to have slightly changed compared to Copenhagen report. In the last two years, the BIPE used an in-house model to keep the consistence between historical data and the new data in floor surface. The retropolated data are similar to the data recalculated by BIPE for all segments, the only segment strongly affected being agriculture buildings, for which the data in the last five years had been underestimated by national statistics.

The unemployment rates relate to the definition of the Federal Employment Agency share of civilian labour force. The long term interest rates are equivalent to the average current yields of year government bonds issued by countries of the euro area.

These figures are published by the German Central Bank. Residential Building permits and housing completions refer to dwellings in new residential buildings i. In Germany there is no detailed official data with respect to housing starts.

The housing stock end-of-year figures refer to dwellings in residential buildings incl. Numbers for second homes include homes for working purposes, secondary residences and holiday homes. The numbers represent the dwellings that are no ruins and that are not rented or not used in any way by the owner. Share of family dwellings refer to the total dwelling stock see above. Joint Economic Forecast. Information about renovation measures is scarce and this is why past renovation volume figures are created indirectly, i.

Inside the civil engineering segment a clear allocation of projects to new construction and to renovation is much more difficult than inside the building construction segment. Therefore, the civil engineering sub-segments in table 2 represent a very rough estimation. The absolute value figures for construction output exclude VAT. The original market price figures for can be calculated in adding the VAT volumes. They correspond with the construction investments realised in the base year.

The values can therefore be interpreted as the surfaces that have been started and finished as well with the stated investments. The official permission and completion data, by contrast, usually refer to projects worked on in more than one calendar year. Commercial buildings exclude all transport-related buildings, congress buildings, as well as all kind of hotels and restaurants. Water works exclude agricultural hydraulic structures.

Other civil engineering structures include, for example, facilities of non-navigable rivers, dykes, coastal protection structures, agricultural hydraulic structures, sports grounds, open-air swimming pools, playgrounds, open-air theatres, production plants of chemical companies and other industrial facilities no buildings!

Civil Engineering Road construction also includes installation of traffic lights, street lights and crash barriers. Railway construction also includes installations for signalling and train control systems. This segment also includes the construction of overhead railways, ropeways and ski lifts. Telecommunications include, among others, the construction of tube mail lines. The total volume of the construction output is equal to the construction part of the yearly investment in the national economy without VAT, Hungarian Statistical Office data.

The projections for are based on DKM estimates for the components of population change, the rate of natural increase and net migration in each year. Figures quoted are the annual average over the four quarters of the year. The figures are derived based on DKM estimates for growth in employment and in the labour force. Figures for are DKM estimates.

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