Based on analyses carried out by Cresme, there could be a 22.6% decline in the construction of buildings and in civil engineering, including investments in new constructions, compared to 2019 © CRESME LAB Remote ThinkTank


€ 34 billion worth of investments in constructions at risk

Article by Ulrike Knaus (adapted for; translated by Eva Guzely) | 31.03.2020 - 08:49

The Italian construction sector might see losses of € 34 billion © CRESME LAB Remote ThinkTank

Before the current health emergency, the Italian construction sector was in a period of growth. At the end of 2019, a growth of 2.4% was expected thanks to new construction projects. As for 2020, a similar development was predicted with investments amounting to an estimated € 141 billion.

However, according to preliminary estimates by Cresme, not more than € 107 billion are going to be invested this year. This corresponds to losses of € 34 billion for the Italian construction sector. Looking at the figures for 2019 (€ 138 billion), however, losses are at € 31 billion.

This equally affects the residential and non-residential constructor sector (public and private). Compared to 2019, investments in new constructions could plummet by more than a fifth (-22.6%). The impact on renovations, on the other hand, is more difficult to quantify and has been estimated at -23.5% by Cresme.

Thus, the residential sector could lose € 3.9 billion worth of new constructions and € 13.2 billion worth of renovations compared to the expectations of the beginning of 2020.