Veidekke: downturn expected in the Scandinavian construction markets
Veidekke anticipates a reversal of last year’s growth in the Scandinavian construction markets. Lower demand resulting from higher interest rates and inflation is expected to hit the apartments segment hardest, with the most severe impact being felt in Sweden. However, a continuing positive trend can be observed in parts of the commercial buildings segment.“Our forecasts indicate a 6% decline in the Scandinavian construction markets this year, i.e. a reversal of last year’s growth. The greatest drop is expected in Sweden, which also recorded the highest growth figures last year,” says