Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: Austria's construction industry will end nine years of negative growth in 2016 at 1.0%. To the
end of our forecast period in 2025, we forecast moderate growth, sustained by an improving economy,
GFCF and EU investment in major rail development and residential building. Increasing migration will
provide a boost to housing demand and private consumption, but may stoke rightwing anti-immigration
sentiment in the populace.
Latest Updates And Structural Trends
? Construction and infrastructure industry growth will become positive in 2016 at 1.0%, supported by
improving GFCF and economic tailwinds.
? The transport ministry is targeting USD28bn investment in rail and roads over the next five years, while
the government's housing initiative will see EUR5.8bn invested over the same period.
? Robustly improving private consumption could positively affect retail, warehouse and office
construction, as will rising immigration, which will also boost demand for residential units.
? Despite the right-wing Freedom Party losing the presidential election, its growth in popularity could
shape future policy and stability.