All Market & forecasts Articles
Abu Dhabi agrees US$ 10 billion government-to-government funding to enable Dubai World and Nakheel to service their debts.
UK construction orders in the third quarter dropped -5% on second quarter figures to UK£ 8,7 billion (€ 9,6 billion) according to the latest report from the Office for National Statistics.
European construction output is expected to fall -2,2% in 2010, following a -8,4% drop in 2009, according to the latest figures from Euroconstruct. A recovery is unlikely before 2011 and growth will not return to pre-recession levels until 2012.
The French rental market is unlikely to see any significant recovery in 2010 with revenue growth stalled and continued downward pressures on pricing, according to the president of the DLR’s rental group, Hervé Cohade.
Construction activity in the Middle East has slowed dramatically during the past 12 months. However, signs of a return to higher growth are beginning to emerge. Becca Wilkins reports.
Speaking at the UpRight distributor conference held last week in Dubai, Darren Kell, chief executive officer, of parent company Tanfield said, "With 2009 behind us we are looking forward and preparing for market recovery - we are ready for the next decade and the future is bright."
Eurostat data shows deterioration accelerating, although Germany and Poland remain buoyant.
Hochtief has announced details of the initial public offering (IPO) of shares in its Concessions division.
The value of construction in emerging countries will rise by +110% in the next 11 years, compared to +35% growth in mature markets.
The French economy grew by +0,3% in the third quarter according to figures issued by Insee, the National Statistics Office.
Germany’s gross domestic product (GDP) increased by +0,7% in the third quarter according to the Federal Statistical Office (Destatis).
Terex is to focus on restoring profitability to its construction division after the business attracted little interest from potential buyers.
This year will see a -4.9% fall in output, while 2010 will be flat overall according to forecasting company IHS Global Insight.
The Associated General Contractors of America (AGC) has said new Census Bureau figures show there's no sign of an economic recovery yet for the nation's construction industry.
Despite a -30% fall in US cement consumption in the first half of the year, the PCA thinks the market will now start to improve.
Demand for gypsum and gypsum products in North America could reach 47.7 million tonnes in 2013, according to research company The Freedonia Group.
Construction output in the 27 EU countries was down by 11,1% in July 2009 compared to 12 months ago according to Eurostat.
The Turner Building Cost Index that measures non-residential building construction costs in the US decreased by -2% in the third quarter of this year
Latest data about the construction industry in Ireland from the Ulster Bank Construction Purchasing Managers’ Index (PMI) showed a rise for the second month in a row
Sales of construction equipment in Russia are expected to recover within the next 12 months according to the latest report from PMR Publications.
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