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Construction

Spain construction output picks up in Q3 but is still weak, says GlobalData

Following the release of data from the Spanish National Statistics Institute (INE) showing a strong quarter-on-quarter rebound in construction output in Q3 2020. Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “GlobalData expects to downgrade its construction output growth forecast for Spain in 2020, from its current -10.4% projection. Following a 21.9% contraction in Q2, the Spanish construction sector rebounded on a quarterly basis in Q3 with an expansion of 22.5%. […]
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French construction output rebounds sharply in Q3, says GlobalData

Following the release of data from the French National Institute of Statistics and Economic Studies (INSEE) showing a strong quarter-on-quarter rebound in construction output in the third quarter of 2020; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “Despite this strong Q3 growth, GlobalData maintains its forecasts that construction output will contract by 11.6% in France in 2020 as a whole. While conditions in the country’s construction sector have significantly improved – with […]
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COVID-19 ravaged construction industry in South and South-East Asia set to post V-shaped recovery in 2021, says GlobalData

The stringent lockdowns and social distancing norms due to COVID-19 have severely disrupted the construction industry across South and South-East Asia. Consequently, the industry is expected to contract by 8.5% in 2020 in the region. However, assuming that a widespread second wave of infections is avoided, output will rise sharply in 2021 because of the […]
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Construction activity in Latin America to contract more than any other region in 2020, says GlobalData

GlobalData lowered its 2020 construction output forecast for Latin America to -11.4% from -6.8% previously, mostly due to the slower than expected rebound in construction activity in the second half of the year as the coronavirus continues to spread across the region and construction companies are still struggling to revive their operations. Dariana Tani, Economist […]
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Australasia construction output to contract by 4.8% in 2020 due to COVID-19, says GlobalData

Even prior to the COVID-19 outbreak, the construction industry in Australasia was weak, dragged down by a weak residential market in Australia. The COVID-19 outbreak and the consequent social distancing norms, lockdowns and weakening macroeconomic conditions have further exacerbated the challenges in the residential market while also leading to a contraction in New Zealand construction […]
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SSA construction sector to sharply slide into recession as COVID-19’s impact on economic activity and investment growth deepens, says GlobalData

The construction output growth forecast for Sub-Saharan Africa (SSA) in 2020 has been cut down to -4.9% from previous forecast of 0.7%, according to GlobalData, a leading data and analytics company. The region is expected to enter a region-wide deep recession in 2020 as a result of the COVID-19 pandemic driven by several headwinds – […]
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Eastern European construction output to contract by 2% in 2020

GlobalData, a leading data and analytics company, forecasts that construction output across Eastern Europe will fall by 2% in 2020, a relatively strong performance compared to other regions. For large parts of Eastern Europe, the virus outbreak was successfully contained in the first half of the year. The containment of the virus meant that governments […]
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Construction in North America to fall less than expected in 2020 amid quick rebound in US homebuilding, says GlobalData

GlobalData has revised its forecast for North America’s construction industry to -1.7% this year from the previous projection of -6.5% in the Q2 2020 update, as the recovery in the US residential market from the initial shock of the COVID-19 pandemic has been faster than expected. Dariana Tani, Economist at GlobalData, comments: “The US residential […]
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Kuwait’s new emir faces unprecedented economic upheaval and a struggling construction industry, says GlobalData

Following the death of the emir of Kuwait, Sheikh Sabah al-Ahmad al- Jaber al-Sabah; Yasmine Ghozzi, Economist at GlobalData, a leading data and analytics company offers her view on the multiple challenges the new emir faces, including a struggling construction sector: “The change in leadership to Sheikh Nawaf al-Ahmad al-Sabah is not expected to cause […]
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UK construction output will contract by 10.3% in 2020

Following the release of data from the Office for National Statistics (ONS) showing a strong increase in construction output in July; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the outlook for the UK construction industry: “UK construction output continued its recovery in July, with output increasing by […]
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South Africa’s construction sector suffers worst quarterly slide

Following the release of construction output data for South Africa by Statistics South Africa, which revealed a sharp decline in output; Yasmine Ghozzi, Economist at GlobalData, a leading data and analytics company, offers her view on the outlook for South Africa’s construction sector: “In line with GlobalData’s expectations of a sharp decline in construction output […]
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