Veidekke: expects lower production in construction markets
Veidekke anticipates a 13% drop in production in the Scandinavian construction markets by the end of 2024, while positive developments include high infrastructure-related activity and cost stabilisation. Although construction-cost inflation appears to be slowing and development trends are expected to normalise going forward, prices are currently expected to remain at their present high levels. Veidekke’s market update assumes production in the Scandinavian construction markets to drop 6% in 2023, and 7% in 2024. The three countries are at somewhat different cyclical stages. While