Construction sector aims to top 3% growth in 2018Thursday, 08 February 2018 17:55
Belgium is experiencing a boom and many favourable factors augur a positive future for the sector, according to statistics from the Construction Confederation. In 2017, business confidence reached a “historic high”, exceeding the average for the past 10 years.
“The year 2018 is also starting well; the order books are full,” de Mûelenaere said. Companies are currently sure of at least 5.9 months of activity on average, as against 5.6 months last year and 5.5 two years ago.
The upturn has led to a boom in construction jobs, after the loss of about 20,000 employees between 2011 and 2015. Between the fourth quarter of 2016 and the third quarter of 2017, some 1,900 jobs were created, 800 of them going to direct employees and 1,100 to independent contractors.
However, bankruptcies involving construction firms increased, moving from 1,578 in 2016 to 1,752 last year.
Registration dues reform applied in Wallonia and Brussels since the start of this year will also offer families “a greater financial margin”, added de Mûelenaere. "We believe the freed-up margins can be used to finance energy renovation works,” he said.
The Brussels Times
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This year Belgium finished 21st in the international competitiveness ranking of the World Economic Forum (WEF).