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GlobalData has downgraded its growth forecast for construction output in Eastern Europe (excluding Ukraine and Russia) in 2022 from 4.1% to 1.5%. The leading data and analytics company notes that the increasing strength of headwinds and downside risks, such as raw material cost inflation and weakening investor confidence owing to the conflict in Ukraine, are […]
Germany’s construction industry output expected to grow 1.9% in 2022 despite shortage in construction materials and escalating costs, says GlobalData
Supported by investments on transport infrastructure projects, in line with the German government’s focus on improving regional connectivity, the country’s construction industry is expected to regain growth momentum and expand by 1.9% this year. Despite the rising costs, the industry recorded a good start in 2022, with construction value expanding by 2.2% year-on-year (YoY) in […]
Brazil’s infrastructure development will face significant delays in 2022 due to rising material prices, says GlobalData
After recording a strong growth of 10.2% in 2021, growth momentum for infrastructure construction in Brazil is expected to slow into 2022 and 2023, recording 3.8% and 1.4% growth respectively. Rising prices of materials and elevated interest rates are squeezing revenues and project growth which is causing significant delays and cost hikes, consequently adding downward […]
Impressive growth in the UK construction industry unlikely to continue in the coming quarters, says GlobalData
Despite an impressive performance in the first quarter of the year, the UK’s construction industry is facing severe headwinds that will impact on growth in the coming quarters, says GlobalData, a leading data and analytics company. GlobalData currently forecasts that construction output growth will stand at 3.4% in 2022 as a whole, which means that […]
Bank of America and JP Morgan were the top M&A financial advisers by value and volume in the construction sector for Q1 2022, finds GlobalData
Bank of America and JP Morgan have been identified as the top M&A financial advisers in the construction sector in Q1 2022 by value and volume, respectively, according to the latest Financial Advisers League Table by GlobalData. The leading data and analytics company’s Financial Deals Database reveals that Bank of America achieved the top ranking […]
Fried, Frank, Harris, Shriver & Jacobson and Kirkland & Ellis were the top M&A legal advisers by value and volume in the construction sector for Q1 2022, finds GlobalData
Fried, Frank, Harris, Shriver & Jacobson and Kirkland & Ellis have been identified as the top M&A legal advisers in the construction sector in Q1 2022 by value and volume, respectively, according to the latest Legal Advisers League Table by GlobalData. The leading data and analytics company’s Financial Deals Database reveals that Fried, Frank, Harris, […]
Construction output in Latin America forecast to grow by 5% in 2022, says GlobalData
Construction output in Latin America is forecast to grow 5% in 2022 and is expected to reach $545.6 billion, up from $519.4 billion in 2021, according to GlobalData. The leading data and analytics company notes that a robust recovery in output in 2021 has placed the region in a strong position for 2022. According to […]
Construction output in Latin America forecast to grow by 5% in 2022, says GlobalData
Construction output in Latin America is forecast to grow 5% in 2022 and is expected to reach $545.6 billion, up from $519.4 billion in 2021, according to GlobalData. The leading data and analytics company notes that a robust recovery in output in 2021 has placed the region in a strong position for 2022. According to […]
Sri Lankan construction industry expected to shrink by 4.6% in 2022, forecasts GlobalData
Triggered by acute shortage of foreign currency, ill-timed tax cuts, losses to tourism, fall in foreign workers’ remittances, shortages of food and fuel, and high foreign debt, Sri Lanka is currently battling the worst economic crisis since its independence. Considering this current turmoil, GlobalData, a leading data and analytics company, forecasts Sri Lankan construction industry […]
Northeast Asia to account for 39% of global construction output in 2022, finds GlobalData
The construction output in Northeast Asia is forecast to record a 4.2% growth and reach $4.71 trillion in 2022 compared to $4.52 trillion in 2021. It will account for 39% of the projected $12.19 trillion of global output this year. However, the growth of construction output in Northeast Asia in 2022 has been revised downwards […]
Inflationary pressures from Russia-Ukraine crisis will cause Eastern European construction output to fall by 3.4% in 2022, finds GlobalData
As a result of the Russia-Ukraine crisis, the construction industry in Eastern Europe is expected to shrink by 3.4% in 2022 due to rising inflation and weak investor confidence, says GlobalData, a leading data and analytics company. Joel Hanna, Economist at GlobalData, comments: “Construction in most countries in Eastern Europe is likely to be affected by […]
Global construction companies suspending their Russian operations have minimal revenue generation in the country, says GlobalData
Amid the Russia-Ukraine crisis, several global construction companies are exiting Russia. These moves are not expected to impact significantly on revenue generation, but the wider fallout from the crisis, particularly on prices for materials and energy, will have a widespread impact on the industry, says GlobalData, a leading data and analytics company. Planned or ongoing […]
New investment into airport infrastructure is likely to return in 2022 as the air transport industry begins its post-pandemic recovery, says GlobalData
The air transport industry has been among the hardest hit by the COVID-19 pandemic and one of the slowest to recover, with a full recovery not expected until 2024 says GlobalData. The leading data and analytics company found that global passenger traffic in 2021 is estimated to have reached only half of what it was […]
Indonesia construction industry to expand by 7.2% in 2022, forecasts GlobalData
The construction industry in Indonesia is expected to record a growth of 7.2% in real terms in 2022, surpassing the pre-pandemic output levels. This would be a notable increase compared to the growth rate of 3.1% recorded in 2021, when large-scale social restrictions and pandemic-related uncertainty deterred new construction investment which consequently impacted construction progress, […]
Rising materials prices will remain a major concern for housebuilders in Canada, says GlobalData
Housing demand in Canada has remained resilient during the pandemic, bolstered by record-low benchmark interest rates and the shift to remote working, says GlobalData. The leading data and analytics company notes that, although demand has seemingly relaxed in 2022 and rate hikes on the horizon, the demand-supply gap for housing remains substantial. As a result, […]
Sullivan & Cromwell and Kirkland & Ellis were top M&A legal advisers by value and volume in construction sector for Q1-Q3 2021, finds GlobalData
Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the construction sector for Q1-Q3 2021 by value and volume, respectively, according to GlobalData’s Financial Deals Database. The leading data and analytics company notes that Sullivan & Cromwell advised on 12 deals worth $61.1bn, which was the highest […]
JP Morgan and Rothschild & Co were top M&A financial advisers by value and volume in construction sector for Q1-Q3 2021, finds GlobalData
JP Morgan and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the construction sector for Q1-Q3 2021 by value and volume, respectively, according to GlobalData’s Financial Deals Database. The leading data and analytics company notes that JP Morgan advised on 27 deals worth $114.2bn, which was the highest value among […]
Economic headwinds and energy crisis trim China’s construction industry growth to 7.2% in 2021, says GlobalData
The Chinese economy has slowed down in recent times due to various compounding factors. Among these are the ‘potential bankruptcy’ of Evergrande Group and the current energy crisis, apart from the disruption from flooding and restrictions enacted due to the Delta variant outbreak. Against this backdrop, China’s construction industry growth rate has been revised down […]
US construction outlook brightens on Senate infrastructure bill approval, but challenges remain
Following the Senate’s overwhelming bipartisan approval on August 10th for the long-awaited infrastructure spending bill, which includes long-term investments in transport, energy, utilities and climate-related initiatives, GlobalData, a leading data and analytics company, now forecasts that the US construction industry will grow by 3.3% a year on average between 2021 and 2025 compared to a […]
UK construction output grows in Q2 although monthly data points to a slowdown in activity, says GlobalData
While the UK construction industry contracted sharply by 14% in 2020, a strong recovery is expected, with output forecast to rise and grow by 10.6% in 2021, according to GlobalData. The leading data and analytics company notes that the successful vaccination program allowed the government to fully lift lockdown measures in July and provided a […]