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(Construction.IndustryNews247.Com, November 10, 2016 ) Synopsis Construction activity in Greece was weak during the review period (20112015) following the economic crisis, which resulted in a deteriorating business environment. Weak economic conditions, public spending cuts, poor fixed-capital investments and a high rate of unemployment had a negative impact on the Construction industry during this period.
The industry is expected to remain subdued during 2016; the government is expected to cut down its expenditure due to high levels of public debt.
The industry is expected to bounce back, however, and register positive growth in 2017, driven by the governments effort to revitalize economic growth, coupled with substantial financial assistance coming through bailouts from major organizations such as the European Union (EU) and the International Monetary Fund (IMF).
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Over the forecast period, the industry is also expected to be supported by gradual improvements in business confidence, as well as subsequent public and private sector investments in transport, residential and commercial construction projects.
The industrys output value is expected to rise at a compound annual growth rate (CAGR) of 1.02% in real terms over the forecast period (20162020); up from -14.09% during the review period.
Summary Timetrics Construction in Greece Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Greek construction industry, including:
The Greek construction industry's growth prospects by market, project type and construction activity Analysis of equipment, material and service costs for each project type in Greece Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Greek construction industry Profiles of the leading operators in the Greek construction industry Data highlights of the largest construction projects in Greece
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Table of Contents
1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type
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