Ireland’s construction output projected to grow 28%

Ireland’s construction output will increase for the next three years by 28%, the second fastest in Europe, as home building picks up pace, according to new industry forecasts, writes Eamon Quinn.

The closely-watched Euroconstruct forecasts also show the average growth for 19 countries, which includes most of the eurozone, as well as the UK and Norway, will grow by an average 3.5% this year. That is the strongest growth since before the debt crisis of over a decade ago.

“Construction demand also picked up this year in all 19 Euroconstruct member countries, with residential construction currently providing the strongest stimuli,” said Germany’s Ifo, a Euroconstruct research member.