Construction market

The total market is expected to remain on the same level in 2020 as in 2019 but with different conditions depending on the place and product.

SWEDEN

The signs of a slowdown in the economy have become more obvious in Sweden in the third quarter. Housing construction in general is expected to decline in 2019-2020 and then stabilize in 2021. A reduction in new apartment building production is expected this year and next but it should show some growth again in 2021. Construction of private premises will probably be affected negatively by the economic downturn in 2020-2021 while investments in public premises on the other hand can accelerate due to substantial needs and low interest rates. All in all other building construction is expected to contract in 2019 and then level out in 2020. The forecast for civil engineering investments signals growth in both 2019 and 2020. The needs in energy, transportation and water and sewage are some of the driving forces behind investments.

NORWAY

Housing construction is expected to land around current levels in 2019 and 2020 and then show growth again in 2021. Construction of private premises is boosted by the development that building construction investments in industrial, office and commercial premises are expected to grow this year, due to strong domestic demand. Public building investments are expected to decline after the past couple of years of growth before volumes pick up again in 2020. All in all other building construction is expected to be stable in 2019 and 2020. The forecast for civil engineering investments indicates a continued good rate of growth in 2019-2020.

FINLAND

New construction of apartment buildings is expected to drop during 2019-2021 while renovation is expected to grow during 2019-2020. All in all housing construction is expected to remain on the same level during 2019 followed by a slight decline in 2020-2021. It looks like construction of private premises will grow this year but will probably be affected negatively by the economy thereafter. Anticipation of investments in the public sector is reflected in the forecast for construction. All in all other building construction is expected to grow in 2019 and 2020 and then stabilize in 2021. The forecast for civil engineering investments signals a slight decline in 2019 followed by a leveling out in 2020.

Housing

	2019	2020	2021
Sweden
Norway
Finland

Forecast for started-up housing investments, new and renovations
Source: Industrifakta

Other building construction

	2019	2020	2021
Sweden
Norway
Finland

Forecast for started-up other building construction investments, new and renovations (Industry, office/retail etc. and public premises)
Source: Industrifakta

Civil engineering

	2019	2020	2021
Sweden			–
Norway			–
Finland			–

Forecast for civil engineering investments
Source: Industrifakta

	Worse forecast compared to the previous quarterly report
	Better forecast compared to the previous quarterly report
	Same forecast compared to the previous quarterly report