Spain's February consumption down 25%

The downward trend in Spanish cement demand shows no signs of abating as cement consumption in fell 25 per cent in February, the latest data by domestic association Oficemen shows.

Consumption last month fell to 863,950t some 289,000t less than in February 2012 when it was 1.152Mt.

Over the first two months of 2013, accumulated demand was 1.757Mt, some 23.3 per cent less than the same period last year (2.29Mt)

Production in February was 988,296t, a YoY decline of 23.7 per cent from 1.294Mt in 2012. Meanwhile, over the first two months of 2013, production fell 27.3 per cent to 1.912Mt from 2.628Mt a year earlier.