New Market Report Covers Key Trends and Opportunities in Portuguese Construction Industry

Research and Markets has announced the addition of the "Construction in Portugal - Key Trends and Opportunities to 2018" report to their offering.

The Portuguese construction industry recorded a compound annual growth rate (CAGR) of 10.67% during the review period (2009-2013) and valued EUR19.1 billion (US$25.4 billion) in 2013. During the review period, all construction markets registered negative growth, owing to the financial crisis and austerity measures implemented by the government. Although export demand has improved, the economy remained weak and the recovery is vulnerable to external risks. Until consumer and business confidence is revived, general spending and investment will remain low, undermining the prospects for construction activity growth.

Key Highlights

• Construction value added in real terms declined from EUR6.4 million (US$8.2 million) in 2012 to EUR5.5 million (US$7.3 million) in 2013, while the contribution of total construction industry's value add to GDP in nominal terms declined from 4.4% in 2012 to 3.8% in 2013.
• The number of schools was reduced by 1,200 to reach 6,292 for the academic year 2013-2014, and as such, future investment in new educational buildings is expected to be minimal.
• According to the World Travel and Tourism Council, the direct contribution of tourism to the country's GDP reached EUR9.4 billion (US$12.8 billion) in 2012 and is expected to increase by 2.0% annually by 2023.

Companies Mentioned:

• Conduril - Engenharia SA
• Grupo Soares da Costa SGPS SA
• Martifer SGPS SA
• Mota-Engil Group
• Sociedade de Empreitadas e TrabalhosHidraulicos SA

For more information visit http://www.researchandmarkets.com/research/6qnz8n/construction_in