Veidekke ASA: Reduced pressure in the construction market
Veidekke expects a moderate decline in production in the Scandinavian building construction sector in 2019 and 2020, but a modest increase in civil engineering production. These developments are forecast to reduce pressure in the market and improve access to construction capacity and skilled labour throughout the supply chain.“Production in the sector increased by more than 40 per cent over the past four years, and, in our opinion, the market can now accommodate a moderate decline”, says Kristoffer Eide Hoen Director of Analysis in Veidekke. Total production in building construction and