WCN blog
Presidential election expected to boost Venezuelan construction industry
June 29, 2011
The upcoming presidential election in 2012 is expected to help the Venezuelan construction industry recover from a strong recessionary period.
The Venezuelan construction industry was particularly impacted in 2009 when recession hit the country, and this resulted in an annual fall of -1.2%. With continuation of the recession in 2010, Venezuelan GDP shrank by 1.4% and this further impacted construction activity in the country, and resulted in a steep -7.4% decline in the construction industry in 2010.
Posted by prameelav on 12:11 PM | Comments (0)
Bricks and blocks market expected to witness moderate growth
June 27, 2011
The global bricks and blocks market is expected to record moderate growth with a CAGR of 7.54% in line with the expected moderate growth of the global construction industry over the next few years.
After witnessing a decline of 22.1% in 2009, the consumption value of the global bricks and blocks market rebounded in 2010, registering 8.6% growth. This was primarily driven by a stable and strong economic condition in Asia-Pacific markets such as India and China, large markets featuring relatively fast growth. From 2006-2010, Asia-Pacific registered the highest CAGRs of 10.83% in terms of value and 2.65% in terms of volume during the review period, significantly contributing to the overall growth of the global bricks and blocks market.
Posted by prameelav on 12:08 PM | Comments (0)
Improved customer confidence aids construction materials market recovery in South Korea
June 17, 2011
With several projects in the pipeline and the reinforcement of customer confidence, the construction materials market in South Korea is expected to register strong growth over the next few years.
The market witnessed a mighty fall in demand for materials like cement, concrete, plaster and lime products in 2008 owing to the decline in construction activity. However, with announcements of stimulus packages supporting infrastructure construction, the market recovered and grew by around 7.3% in category value.
Posted by prameelav on 10:48 AM | Comments (0)
Szechenyi Plan expected to boost Hungarian construction industry
June 15, 2011
The Hungarian construction industry, one of the worst affected during the subprime crisis, is expected to receive a major boost from the Szechenyi Plan announced by the country's government.
Széchenyi Plan, an economic development program, which allocates HUF7,000 billion (EUR25.5 billion) during 2011-14 to a number of business projects and the infrastructure market, is expected to boost the investment rate by 5 percentage points on an annual basis. This plan also includes the construction of a railway service between Budapest and Ferihegy airport. With new infrastructure projects in the pipeline, the market is expected to recover to pre-crisis levels by 2013.
Posted by prameelav on 11:37 AM | Comments (0)
UAE construction industry faces challenging times
June 13, 2011
The UAE construction industry that registered a huge growth rate from 2006-10 inspite of a timid performance in 2009 and 2010, is expected to face challenging conditions in the immediate future.
Though it is predicted to grow with a CAGR of 5.9%, the industry is likely to face trouble in attracting and retaining a skilled workforce and due to the rising prices of construction materials including cement and steel. The UAE's foreign workforce consists of nearly 43% Indians and improved career opportunities and higher wages back home are luring the workers back at a steady rate.
Posted by prameelav on 11:31 AM | Comments (0)
Social building programs expected to aid recovery of Italian construction industry
June 6, 2011
The Italian construction industry that has been witnessing a sharp fall over the last two years, is expected to recover with the help of social building programmes concentrating on the residential, infrastructure and commercial construction markets.
The industry declined at a CARC of 2.44% from 2006-10 with expectations of a rebound in 2009-10 dashed by a damaging credit crisis. However, with the economy showing signs of recovering the Italian construction industry is expected to get a fresh breath of life in the near future.
Posted by prameelav on 7:46 AM | Comments (0)
Mexican construction equipment industry expected to register 5.1% CAGR to 2015
June 3, 2011
The consumption of construction equipment in Mexico is expected to record a compound annual growth rate (CAGR) of 5.1% until 2015 owing to the economic recovery in the US, which is expected to indirectly help the recovery of the Mexican construction industry.
From 2006-10, the Mexican construction equipment market recorded a negative CARC of 1.8%, largely due to the weak activity in construction industry during the financial crisis. In 2009 overall construction equipment turnover stood at US$631.0 million, which represented a decline of 15.0% in comparison with the value from the previous year.
Posted by prameelav on 1:08 PM | Comments (0)
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