The strategic importance of Europe’s construction sector
18 million direct jobs. 9% of GDP. These are just some of the key figures highlighted in a new European Commission report on the importance of Europe’s construction sector. However, as indicated in the report, the contribution of Europe’s construction industry goes way beyond these economic and growth priorities.
First of all, when we speak of the construction sector, we are talking about a very broad range of actors, ranging from material producers (such as cement and concrete), designers and architects, builders and contractors, and finally demolition and recycling companies. Secondly, the construction sector is providing the buildings and infrastructure which we depend upon: homes and offices, roads and tunnels, to name just a few. With this in mind, the EU has adopted a strategy for the sustainable competitiveness of the construction sector which focuses on five objectives: investments, jobs, resource efficiency, regulation and market access. Furthermore, the report delves into more detail on the EU policies which apply to the construction sector, covering areas such as energy and resource efficiency, health and safety, and green public procurement.
The European cement and concrete industry is an important actor in the construction sector. As highlighted by Le BIPE in 2015, 1 = 2.8 – In a nutshell, for every € generated in this sector, €2.8 are generated elsewhere in the economy. The full study is available from here
More information: Report