Market Research Report
Construction in Switzerland - Key Trends and Opportunities to 2024
|Published by||GlobalData||Product code||248764|
|Published||Content info||44 Pages
Delivery time: 1-2 business days
|Construction in Switzerland - Key Trends and Opportunities to 2024|
|Published: December 2, 2020||Content info: 44 Pages||
Prior to the Coronavirus (COVID-19) outbreak, output in the Swiss construction sector expanded by 0.8% in 2019 in real terms. However, with the disruptions caused by the COVID-19 outbreak and the subsequent lockdown measures, the industry has been severely impacted in 2020. According to Eurostat, the Swiss construction industry contracted by 8.7% year on year (YoY) in the second quarter of 2020 (the latest data available at the time of writing), this was preceded by a year-on-year (Y-o-Y) decline of 2.3% in Q1 2020.
Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts construction industry output to contract by 3.2% in 2020. Following the second COVID-19 outbreak, the Swiss government imposed new lockdown restrictions with the closure of non-essential businesses from October 29th. However, construction sites and factories were exempted from the new lockdown measures imposed at the end of October.
Over the remaining part of the forecast period, the industry will be supported by the government measures to contain the impact of the outbreak on manufacturing output and support for businesses to cope with the outbreak by providing guarantee on loans. The Swiss government's investment in transport and energy infrastructure projects is also expected to drive growth in the coming years.
This report provides detailed market analysis, information, and insights into the Swiss construction industry, including -
This report provides a comprehensive analysis of the construction industry in Switzerland. It provides -