WCN blog
Reconstruction efforts to fuel Japanese construction industry growth
August 29, 2011
The Japanese construction industry, which is in a weak state owing to poor market conditions and the global economic crisis, is expected to stage a mild recovery over the next few years fuelled by reconstruction efforts.
The country, which was struck by a devastating earthquake and tsunami in April 2011, will have to rebuild a major chunk of its infrastructure that was damaged by the fury of nature. As part of the reconstruction effort, the government announced a JPY4283.7 billion ($55.9 billion) aid package in April 2011. Over the forecast period (2011-2015), the construction industry is projected to achieve a CAGR of 4.92% and value JPY36.1 trillion ($471 billion).
Posted by wmi on 12:25 PM | Comments (0)
EU investment and sports events to drive growth in Polish construction industry
August 26, 2011
Inflows of investment from the neighbouring nations in the European Union and preparations for the UEFA 2012 are expected to drive a 6.7% CAGR growth in the Polish construction industry.
Stimulated by both EU funds and UEFA Euro 2012 Football Cup, the Polish construction industry is projected to achieve a CAGR of 6.76% to 2015 and value PLN122.5 billion in 2015 as compared to PLN88.4 billion in 2010.
Posted by wmi on 8:19 AM | Comments (0)
Mexican construction industry growth relies heavily on National Infrastructure Plan
August 24, 2011
The growth of the Mexican construction industry to 2014 will rely heavily on the government's National Infrastructure Plan announced by the government.
With the help of investments under the National Infrastructure Plan (NIP), infrastructure construction segment is projected to achieve the highest CAGR of 8.18% to 2015. Other segments are projected to achieve CAGRs in the range of 4.90%-6.50%. Growth in all these markets would result in overall construction industry growth in Mexico of 6.45%.
Posted by wmi on 12:59 PM | Comments (0)
Swiss construction industry to witness positive growth trends
August 22, 2011
The Swiss construction industry is expected to witness positive growth trends and a moderate growth rate over the next five years.
The industry is expected to grow at a CAGR of 4.3% to 2015 riding on a faster-than-expected growth rate in the economy. Switzerland's economy is primarily supported by trade with export as the primary source of income. Owing to recessionary trends, the overall economy suffered a setback in 2009, but encouraging trends in 2010 are expected to boost the construction industry too.
Posted by wmi on 12:35 PM | Comments (0)
Vietnamese construction industry expected to register robust growth
August 17, 2011
The Vietnamese construction industry is expected to register a CAGR of 15.67% to 2015 owing to the government's commitment to improve the general construction standards in the country.
The commercial construction market is expected to increase at a CAGR of 15.65% owing to the development of several industrial zones in the country. The industrial construction market is anticipated to increase at a CAGR of 18.21%, reflecting the country's strong and stable economic conditions and increasing FDI inflows.
Posted by wmi on 7:58 AM | Comments (0)
Government stimulus packages expected to help Australian construction industry
August 15, 2011
A large government stimulus package, aimed at increasing infrastructure spending and creation of jobs, is expected to help the Australian construction industry stabilise over the next few years.
The Australian construction industry is expected to grow at a CAGR of 6% to 2015 with the help of the government stimulus package and increased private sector construction spending. The Australian government is anticipated to spend AUD17.5 billion (US$16.0 billion) on improving the education sector over the next three years under Building Education Revolution (BER) scheme.
Posted by wmi on 7:54 AM | Comments (0)
Infrastructure projects to expand Chinese construction industry
August 12, 2011
Infrastructure construction accounted for almost one-third of the Chinese construction industry in 2010 and is expected to contribute for the sector's growth up to 2015.
The country's construction industry gained momentum with the government's eleventh Five-Year Plan, 2006-2010, primarily focused on building roads, bridges, ports and airports.
Posted by wmi on 10:48 AM | Comments (0)
Construction industry on recovery mode in Italy
August 10, 2011
Italian construction industry which witnessed housing demand decline, credit crisis and reduced investment in public works resulting in low growth in 2009 and 2010 is expected to show signs of recovery from this year onwards.
Economic recovery by Italy will enable achieving a CAGR of over 3% by 2015 compared to 1.04% CAGR by the end of the last decade.
Posted by wmi on 9:32 AM | Comments (0)
Government initiatives to improve French construction industry by 2015
August 8, 2011
The French construction industry is expected to improve by 2015 following the stimulus investment packages announced by the government in 2008, tax breaks and credits proposed in 2009 and the UEFA EURO 2016 European Football championship to be hosted in the country.
Posted by wmi on 9:54 AM | Comments (0)
Venezuelan residential, institutional construction industry to gain momentum
August 5, 2011
Venezuela witnessed limited growth in its construction industry following its 2010 recession. But the country's residential and institutional markets are expected to help drive growth in the sector in the coming years.
The Venezuelan government has proposed to build two million homes over the next six years and initiatives to rebuild regions affected by natural disasters. Due to these government initiatives, the residential construction market is expected to grow further.
Posted by wmi on 9:10 AM | Comments (0)
Political unrest, slow economic progress may affect Egyptian construction sector
August 3, 2011
Though Egypt recorded a significant growth due to several economic reforms such as reduction in corporate income taxes, liberalization of foreign trade, boosting foreign investment and government stimulus packages, the country's industry growth is expected to be influenced by political unrest and slow economic growth.
The government plans to increase its annual infrastructure spending to 7% of GDP over the next five years, compared to 5.5% in 2010. The investments will primarily focus on roads, utilities and hospitals. Infrastructure construction, the largest construction market in Egypt will see investments as a result of the Egyptian government's Public Private Partnership Program (PPP).
Posted by wmi on 6:50 AM | Comments (0)
Economic Action Plan to help Canada record healthy construction growth
August 1, 2011
The Canadian construction industry is valued at CAD97.3 billion in 2010 registering a growth rate of 5.8% compared to the 8.6% decline recorded in 2009. The country's construction industry is expected to stabilize with government stimulus package aimed to increase infrastructure spending, create jobs and increase credit availability.
Posted by wmi on 1:46 PM | Comments (0)
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