Swiss construction sector had mixed year in 2023

While construction expenditure in Switzerland rose by 0.3% in nominal terms last year, the price-adjusted situation shows a 2.5% decrease, according to the Federal Statistical Office (FSO). Overall, investment in the construction sector increased by 0.2%, the FSO said on Thursday. The two areas of building construction and civil engineering developed differently: while 0.3% less was invested in building construction (in nominal terms), investments in civil engineering rose by 2.7%. Public clients, the federal government, cantons and municipalities all boosted investment volumes in both segments. Public-sector investment in civil engineering rose by 3.9% and investment in building construction by 8.5%. Private clients, on the other hand, invested 2.3% less in civil engineering and 1.9% less in building construction. + Read more: the construction sector is one of several suffering from a shortage of labour According to the FSO, investment in new construction projects fell by 2.5% ...