Europe’s positive prospects
Political developments across Europe have created considerable market uncertainty, due to potential policy changes unsettling the construction market. However, prospects for the region look widely positive as the majority of leading countries continue to recover. ICR considers the current state of the European cement industry.
Germany’s housing sector is expected to be the key in driving construction demand in Europe’s largest cement market
Europe’s economy is showing modest but solid growth. According to the IMF the 28 member countries of the European Union (EU) are expected to record GDP growth of 2.08 per cent in 2018, representing a modest deceleration when compared with 2017 (2.33 per cent). However, this is still higher than the 1.97 per cent recorded in 2016.
