The construction market outlook for the year 2018 is mainly positive in Cramo’s operating countries. Growth is still expected, but in many countries the growth that accelerated in 2017 is predicted to level out. According to the latest Euroconstruct and Forecon estimates, the construction market will grow approximately 3.5% in Sweden, Norway and Finland and 1.0–1.5% in Austria and Germany. For the Czech Republic, Slovakia, Hungary and Poland, Euroconstruct estimates on average 9.3% market growth. Forecon’s construction market growth estimate for the Baltic states is 3.4%. The Russian construction market is expected to grow by 5%. The local Sverige’s Byggindustrier is projecting 2% growth for the Swedish construction market in 2018 according to their latest estimate in March. The Confederation of the Finnish Construction Industries kept their forecast unchanged, indicating that the construction market in Finland will grow by approximately 2%, supported by residential and repair construction.
The European Rental Association (ERA) forecasts that the equipment rental market will grow in 2018 in all of Cramo’s operating countries that are within the scope of ERA’s forecast. Forecon estimates the equipment rental market to grow by approximately 7–8% in Finland, 3% in Sweden and 2% in Estonia and Lithuania in 2018.