In Spain, it is expected that the crisis in the construction sector prevailing in many European countries will not affect the country. The association of Spanish DIY manufacturers AFEB quotes a study by the Instituto de Tecnología de la Construcción (ITEC), according to which Spain will not experience a recession in construction this year and next year – unlike, for example, Germany with a decline of 3.4 per cent or Italy with a decline of 6.5 per cent.
AFEB
Spain could avoid recession in construction
![According to Instituto de Tecnología de la Construcción (ITEC), Spain will not experience a recession in construction 2023 and 2024. According to Instituto de Tecnología de la Construcción (ITEC), Spain will not experience a recession in construction 2023 and 2024.](https://www.diyinternational.com/_Resources/Persistent/e/5/c/a/e5cafb45f9f22f6afde3af9e6f822263acaf5ed4/workmen-building-apartment-house-on-construction-site-5095x2861-620x350.jpg)