According to the report of the Economic Committee of the European Steel Association (Eurofer), in the first quarter of 2025 in the European Steel Association (Eurofer), in the first quarter of 2025, in the first quarter of 2025, productivity in the EU was slightly restored by 0.2 percent per year.
. While investment in civil construction increased by 1.8 percent.
. The development of construction remained under voltage from the third quarter of 2022, which influenced the combination of growth in construction costs, lack of labor in several EU countries and growing economic uncertainty. This pressure was preserved, despite the ongoing state investments in projects for the construction of civil construction and infrastructure projects supported by the NEXTGEN EU package.
The main factor was a sharp increase in interest rates in 2022 and 2023, which is the result of a more stringent monetary policy. Although the European Central Bank has recently fulfilled eight reductions in politics, their influence has not yet been completely materialized, especially in the housing sector, since the consequences of monetary softening usually appear only with time.
