Building construction, civil engineering, specialised trades, and real-estate activities. Highly cyclical and closely tied to interest rates and public investment.
Buying, selling, renting, and managing residential and commercial property. Revenue and valuations are highly sensitive to interest-rate cycles.
Revenue
€65B
Companies
114,545
Site preparation, electrical and plumbing installation, plastering, painting, and other finishing trades. Mostly small and mid-sized craftsman businesses.
Revenue
€28.2B
Companies
78,717
Construction of roads, rail, bridges, tunnels, pipelines, and utility networks. Primarily driven by public infrastructure spending.
Revenue
€21.2B
Companies
5,474
General contractors and developers erecting residential, commercial, and industrial buildings. Core of the housing and office-development market.
Revenue
€4.3B
Companies
7,011
Products
Risks
Opportunities
