The European equipment rental industry was worth €33.6 billion in 2008, a 2.8% decrease on the previous year, according to new research commissioned by the European Rental Association. The figure comprises €24.4 billion for rental of equipment without operators and €9.2 billion with operators.
Growth in China’s construction output will be strong in 2009 compared to the rest of the world, but it will be down on the double-digit rises the industry is used to. Chris Sleight looks at how the government’s US$ 585 billion stimulus package should help.
The Associated General Contractors of America (AGC) trade association says 65% of US non-residential construction companies expect to lay-off workers in the next six to 12 months if the business climate does not improve.