Veidekke's Economic Activity Report: Tough times for residential, but new opportunities in other segments
Veidekke predicts tougher times for the Scandinavian construction and civil engineering industry going forwards due to the downturn in the market for apartments, but sees interesting opportunities in civil engineering and other building segments. Veidekke has downscaled its forecast for the Scandinavian construction and civil engineering market to 5% for 2018 and to -2% for 2019 since its previous Economic Activity Report. "As reported in our Q4 presentation, the decline experienced by property developers as a result of lower sales of apartments will eventually manifest itself in the