All Market & forecasts Articles
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Corruption scandals and inflationary pressures slowed the Indian construction sector last year, but long-term prospects remain good thanks to the government’s commitment to infrastructure investment.
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India’s construction market has hit a speed bump, due to monetary tightening and weak economic demand in the rest of the world. However, the long-term prospects remain strong.
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Good news for residential but delays plus lack of preparation and planning expected to hit road construction.
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The results of International Construction's Yellow Table ranking of the world's largest construction equipment manufacturers shows industry revenues grew +25% last year to a record US$ 182 billion.
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French scaffolding group Altrad has acquired Generation Hire & Sales, a nationwide seller and renter of access equipment. The price has not been disclosed.
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The International Powered Access Federation (IPAF) is forecasting annual growth of 40% in the Brazilian access rental fleet for the next five years.
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Output slowed compared to December, but activity was still +7.1% higher than a year ago.
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Attempts to restore construction industry following crisis show success with growth since 2010.
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The US construction market should return to growth this year, although there will be weakness in several areas. A more convincing recovery is expected in 2013.
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After a tentative up-turn in 2011, optimism is creeping back into the US construction market as the economy strengthens. However, funding issues persist and the bitterly partisan nature of US politics is a further hurdle.
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Rouse Analytics' February report indicates that utilisation of access fleets in North America has increased in the latter part of 2011, used equipment prices are up and rental rates are increasing slightly.
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Snorkel's North American President David Smith said that business outlook is such that, in the USA, the company expects to increase the workforce by 20 to 30% over the coming months.
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Total construction in Romania drops only slightly in 2011, but it will be 2013 before pre-crisis figures achieved.
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UK government’s construction statistics said to continue to show downward trend.
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Optimism as earthmoving machinery market has doubled in two years, according to VDMA.
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After the stimulus-driven boom of 2009 and 2010 the Chinese construction industry paused for breath in 2011. Future growth is not likely to be as high as in the last decade, but China will still be a global powerhouse.
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Bulgarian construction sector is lagging behind recovery in GDP, but has hit the bottom.
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Gains in public construction lifted output, but industry watchers say they are not sustainable.
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Construction Products Association sees no signs of strong private sector recovery.
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The unrest of the Arab Spring and the weak global recovery mean it will be 2013 before most of the construction markets of North Africa return to normality. Scott Hazelton reports.