Austria Infrastructure Report - Business Monitor International - Industry Reports

Austria Infrastructure Report

Austria Infrastructure Report - Business Monitor International - Industry Reports
Austria Infrastructure Report
Published Sep 24, 2016
32 pages — Published Sep 24, 2016
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� Business Monitor International Ltd Page - key strategy considering the lacklustre state of the domestic infrastructure and construction sectors over the past decade - the industry last recorded positive annual growth in ----. This negative period will come to an end in ---- as positive growth (-.- ) returns on the back of large-scale investment in rail projects and residential construction, and an uptick in gross fixed capital formation (GFCF). ...However, we expect economic growth, which has been stagnant, to improve in ---- and ---- (-.- and -.- , respectively), with exports and fixed investment returning as key drivers. As export demand is strengthening and the country is operating at a high capacity utilisation rate - around ----- in H---, limiting room for significant increases in output - we envisage an uptick in GFCF in manufacturing and construction in ----, after several years of weakness, as firms scale up production to exploit improving demand. This will mainly be due to improved borrowing conditions for non-financial corporations and lower interest rates on mortgages for households. ...Fixed investment growth in Q--- accelerated to -.- y-o-y, the fastest growth rate in four years. Firstly, the residential construction sector will be boosted by several tailwinds, including rising immigration, lower interest rates on mortgages for households, solid real estate price growth (Austria s residential property price index grew -.- in Q--- and -.- in Q---) and the government s housing initiative, financed by an EIB loan, which will act as an additional stimulus, pumping

...EUR-.-bn into the housing market in the coming years. According to the Austrian National Bank (ONB), this will add -.-pp to GDP growth in ----. ...Construction output grew by -.- February-May ----, the first run of positive consecutive monthly growth since a five month streak ended in May ----. Meanwhile, a positive outlook for private consumption, on the back of accelerating real wage growth, rising employment, additional public spending on migrants and recent tax reforms, should translate into increasingly competitive retail, warehouse and office real estate markets, and in turn demand for commercial construction. So while our long-term outlook for Austria s construction industry remains muted, the fact that we envisage a return to positive growth in ----, driven by significant investment announcements and healthy economic indicators, means there are upside risks to our forecasts. ...The government aims to develop agricultural, transport, energy and infrastructure for an expected investment of EUR--.-bn (USD--.-bn)

...Construction and infrastructure industry growth will become positive in ---- at -.- , supported by improving GFCF and economic tailwinds. The transport ministry is targeting USD--bn investment in rail and roads over the next five years, while the government s housing initiative will see EUR-.-bn invested over the same period. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Austria Infrastructure Report" Sep 24, 2016. Alacra Store. May 22, 2018. <>
Business Monitor International - Industry Reports. (2016). Austria Infrastructure Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved May 22, 2018 from <>
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