Cement News tagged under: construction
Euro construction output advances in May19 July 2012, Published under Cement NewsEuro-area construction output rose in May, as advances in Germany and Portugal offset declines in Italy, Spain and the Netherlands. Construction in the 17-nation euro area advanced 0.1 per cent from April, when it dropped 3.7 per cent, the European Union’s statistics office in Luxembourg said yesterday. From a year earlier, construction output declined 8.4 per cent. In Germany, Europe’s biggest economy, construction output increased 3.1 percent from April, when it fell 5.5 per cent, t... |
Sharp public sector falls in UK construction point to difficult 201213 July 2012, Published under Cement NewsThe latest figures from the UK's Office of National Statistics released today highlight that output fell 6% in May compared to a year earlier. Commenting on the figures and the bleak outlook for construction activity in 2012, Noble Francis, Economics Director at the Construction Products Association said: "Although the coalition has consistently made pronouncements of boosting UK construction and the economy, there is little sign of this in reality. Public sector housing output in May was ... |
2Q demand waivers for product manufacturers, UK03 July 2012, Published under Cement NewsThe UK's Construction Products Association’s (CPA) latest State of Trade Survey indicates that, following a relatively good first quarter of the year, product manufacturers suffered from a slowdown in sales in 2Q and are extremely concerned about demand going forward. Commenting on the figures, Construction Products Association senior economist, Kelly Forrest said: “With public sector cutting spending and private sector construction adversely affected by events in the euro zone, it is unf... |
MPA responds to chancellor’s speech, UK29 June 2012, Published under Cement NewsIn an open letter MPA’s Chief Executive has responded to the speech by the Chancellor, George Osborne MP last week, in which the Chancellor highlighted measures taken to boost business in the UK, by welcoming recent measures taken in the last Budget, but emphasising the onerous cumulative tax and cost burden which faces the industry, and encouraging Government to shift current spend into here and now capital projects particularly in construction, energy, water and transport infrastructure. ... |
European construction outlook revised25 June 2012, Published under Cement NewsThe increasing perception that Greece will default and exit the eurozone together with rising fears of contagion has led Euroconstruct, a group of research institutes and consulting firms, to significantly downgrade its European construction forecasts for this year and next. At a meeting held last week, the group said Europe's construction forecasts for this year and next have been downgraded from -0.3% to -2.1% in 2012 and from +1.8% to +0.4% in 2013. Looking further ahead, it highlights... |
Eurozone April construction output falls21 June 2012, Published under Cement NewsConstruction output in the 17 nations that use the euro dropped 2.7 per cent in April compared to the month before, and five per cent from April 2011, the European Union's official statistics agency Eurostat said Tuesday. Eurostat also lowered its estimate for the growth of construction output in March, to 11.4 per cent from 12.4 per cent. The decline in construction during April was widespread across the currency area, with building work down six per cent in Germany, 2.3 per cent in Spain... |
UK construction output down, recession risk18 June 2012, Published under Cement NewsThe UK's Office for National Statistics (ONS) has published construction figures for April 2012 showing a fall of 8.5% compared with April 2011. Commenting on the figures, Noble Francis, Economics Director at the Construction Products Association said: ‘With ONS reporting that both manufacturing and construction sectors fell in April, prospects for the UK economy escaping recession in Q2 are dissipating rapidly. It was unfortunately unsurprising to see the sharp fall in construction outpu... |
Latest UK construction new orders a 'worrying sign for housing'11 June 2012, Published under Cement NewsThe latest quarterly figures from the UK's Office of National Statistics (ONS) for construction new orders released Friday show that construction orders in 1Q12 were 3.6 per cent lower than the same quarter one year ago and new orders for housing were 21 per cent lower than a year earlier. However, there were some positive signs in some sectors. Commenting on the new orders data, Noble Francis, Economics Director at the Construction Products Association said: “With government cuts impacti... |
UK construction sector activity 'slowed' in May - survey07 June 2012, Published under Cement NewsGrowth in the UK construction sector slowed to a three-month low in May, according to a survey. The Markit/CIPS purchasing managers' index (PMI) for construction fell to 54.4 last month, from 55.8 in April. However, the reading indicates that the sector is still growing, as a figure above 50 implies expansion. Office for National Statistics figures found a fall in construction output in the first quarter of 2012 contributed to the economy contracting. The latest ONS figures, releas... |
Euro output rebounds in March22 May 2012, Published under Cement NewsEuro-construction output rose in March at the fastest rate in at least a decade, rebounding after severe winter conditions in February. Construction output in the 17 nations that use the euro jumped 12.4 per cent in March from February, the first rise since November and the biggest since records began in 2001, the region's statistics agency Eurostat said. Large rises in construction activity in the region’s largest economies were behind March's increase, with German construction in part... |