Veidekke ASA: Anticipating a moderate decline in contracting markets
Veidekke’s updated forecasts for the Scandinavian contracting markets show improved prospects for the sector compared to before the summer.Barring major changes in the course of the Covid-19 pandemic, activity levels in the Scandinavian contracting markets are predicted to be satisfactory in the years ahead, provided that expected growth in public-sector demand materialises. Generally reduced investment appetite among businesses and households is forecast to reduce production by 6% in 2021, before the decline tapers off in 2022. This prediction is based on a number of key assumptions: “