All Market & forecasts Articles
CE’s Editor Chris Sleight discusses forecasts for the European construction industry and analyses other indicators such as share price gains and our CE Barometer confidence survey to see when the market is likely to bounce back.
Construction activity is still strong in the United Arab Emirates, according to local Manitowoc dealer NFT. IC reports
Wal King, CEO of Leighton Holdings, which ranked 28 in iC’s global top 200 contractors this year, has said he’s upbeat about the future.
There was a further decline in national construction industry activity in July with the seasonally adjusted Australian Industry Group/Housing Industry Association Performance of Construction Index (Australian PCI) falling by 3.1 points to 39.5.
Caterpillar CEO Jim Owens has said the company is now positioned for long-term profitability even if the global crisis means sales remain at a depressed level.
The president of the Romanian Chamber of Industry and Commerce predicts that over the next two decades construction will be a major driver in the country’s economy.
JCB expects the current weakness in the construction equipment market to continue for another year. The company's CEO, Mathew Taylor, has also been critical of the slow speed in which stimulus packages have been put into action in developed countries.
Carrier Rental Systems (CRS), the temperature control, power and pump rental specialist, said the phasing out of R22 refrigerants used in industrial air conditioning and cooling systems is leading to an increase in rental enquiries for its process chillers and air conditioning equipment.
Power sector growing, but state deficits will see investment fall in other areas.
Construction Products Association downgrades its forecasts for 2009 and 2010. Construction output is expected to fall -16% this year.
Trading update says rate of decline in profits is slowing
Large mature countries are more attractive construction markets than fast-growing emerging economies, according to new study.
House building and privately funded non-residential construction to bear the brunt of the decline, with growth in civil engineering.
Sandvik Mining and Construction is moving its construction businesses' headquarters to Singapore.
The power rental market in sub-Saharan Africa is forecast to grow at a compound annual rate of 9.5% to 2014, according to a recently published report by consultant Frost & Sullivan.
India's Government is planning a US$ 354 billion investment in its infrastructure by 2012, with another US$ 150 billion expected to come from the private sector, according to the latest report by PwC.
Authorisations and new starts rose in May compared to April, but were still only half what they were a year ago.
Euroconstruct revises forecasts downwards and sees recession bottoming-out in 2010
Construction output in the UK fell -16% in the first quarter of the year, compared to the same period in 2008.
The Australian Industry Group’s Performance of Construction Index (PCI) rose by 10.4 points to 46.9 in May.
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