The economic uncertainty in Europe continues. In both industrial and new construction activities, investment decisions are being postponed to a later date. However, market-specific differences are great.
Both the construction market analyst Euroconstruct and the Confederation of Finnish Construction Industries RT have estimated that construction activity will decline by some three per cent in Finland in 2013. In Sweden, construction activity is estimated to remain at the 2012 level or to decline slightly. In Poland, construction market growth is estimated to take a negative turn. In Denmark, Norway, Germany, Russia and the Baltic region, the market is expected to grow.
The equipment rental market normally grows faster than the underlying construction market, but changes in demand follow those in construction with a small delay and may be strong.
Cramo takes a cautious approach to 2013. The equipment rental market will be challenging particularly during the first part of the year, but the economic situation in Cramo’s main markets is forecasted to improve towards the end of the year.
(All construction market forecasts presented in this review are estimates by Euroconstruct, unless otherwise stated.)