Construction

UK Government has only moderate chance of boosting infrastructure, says GlobalData

Following today’s (30 June) news that the UK plans to boost investment in infrastructure and housing; Moustafa Ali, Economist at GlobalData, a leading data and analytics company offers his view on the government’s infrastructure spending plans: “Including a new pledge to “Build, Build, Build”, the UK Government is banking on the high multiplier effect associated […]

Construction

Further cuts to MENA construction sector as impact of COVID-19 and low oil prices deepen

The 2020 construction output growth for the Middle East and North Africa (MENA) region has been revised down to -2.2% (down from -1.4% previously), according to GlobalData, reflecting the disruption caused by the spread of COVID-19 and the weaker economic outlook. Yasmine Ghozzi, Economist at GlobalData, comments: “Despite oil exporting countries’ efforts to shore up oil […]

Construction

Outlook for Europe’s construction sector remains bleak despite easing of lockdown measures

Western European construction output is expected to fall by 6.1% in 2020, in comparison to a previously expected expansion of 1.2% prior to COVID-19, says GlobalData, a leading data and analytics company. Moustafa Ali, Economist at GlobalData, comments: “Governments across Europe originally responded to the virus outbreak by imposing strict lockdown measures, which resulted in […]

Construction

UK construction output plummets in April as lockdown measures takes it toll on the sector

Following the release of April GDP data from the UK: Moustafa Ali, Economist at GlobalData, a leading data and analytics company offers his view on the latest construction data release: “GlobalData has revised down its forecast for the UK construction industry growth in 2020 to -7%, but a further downgrade of the forecast is likely […]

Construction

Italy’s construction industry set to contract by 7.4% in 2020 due to COVID-19 lockdown measures

Italy’s construction industry is expected to shrink by 7.4% in 2020 as a result of the lockdown measures to contain COVID-19, according to GlobalData, a leading data and analytics company. The number of daily new confirmed cases in Italy has dropped significantly, from a peak of 6,557 cases on 22nd March to just 318 cases […]

Construction

Construction industry growth in Indonesia to slow down to 0.5% in 2020, says GlobalData

Before the COVID-19 outbreak, the Indonesian construction industry was expected to continue to grow at a fast pace over the forecast period owing to the government’s plan to drive forward large-scale infrastructure developments. However, reflecting on the recent COVID-19 related disruption and the weaker outlook for economic growth, the construction output growth in 2020 is […]

Construction

French construction industry to contract by 9.4% in 2020, says GlobalData

The construction industry in France is expected to shrink by 9.4% in 2020, according to GlobalData, a leading data and analytics company. This is despite the fact that the construction sector was exempted from the nationwide lockdown that had been in place since mid-March. Danny Richards, Lead Economist at GlobalData commented: “Despite the easing of […]

Construction

Philippines and Vietnam among APAC markets with very good prospects to accelerate infrastructure investment, says GlobalData

Amid the COVID-19 crisis, governments across Asia-Pacific (APAC) are seeking to advance investment in infrastructure to boost their economies. Among the countries in the region, five major markets China, India, Philippines, Singapore and Vietnam have ‘very good’ prospects to accelerate investment in infrastructure projects, according to latest research by GlobalData, a leading data and analytics […]

Construction

Construction projects schedules are getting delayed due to COVID-19, says GlobalData

Since the beginning of March 2020, the construction industry has been experiencing higher levels of project delays and cancellations due to the COVID-19 pandemic, with widespread restrictions on the movement of people and enforcement of complete or partial lockdowns from mid-March 2020. For China and some Asian countries, minor disruption had begun in February, but […]

Construction

Construction is fastest growing sector in Germany

The German Government exempted the construction sector from the lockdown measures imposed in March. While these exemptions helped keep construction sites open during the pandemic, the wider economic slowdown will hamper investment growth in the sector. Reflecting this, GlobalData expects construction industry output to record a contraction of 4.4% in real terms in 2020. Moustafa Ali, […]

Construction

Chile’s construction industry outlook clouds as economic activity plummets in April

Following today’s announcement by the Bank of Chile that the Monthly Economic Activity Index (IMACEC) fell by 14.1% in April, compared with the same month a year earlier; Dariana Tani, Economist at GlobalData, a leading data and analytics company, offers her view on the situation: “April’s IMACEC data shows that the economic impact of the […]

Construction, Uncategorised

Growth in the Philippines construction industry to slow down to 1.2% due to COVID-19 containment measures, says GlobalData

Prior to the COVID-19 outbreak, the Philippines construction industry was growing at a robust pace due to the ongoing infrastructure investment and the launch of the Philippine Construction Industry Roadmap 2020–2030. However, with the government announcing strict measures to slow the spread of the virus, construction output growth forecast for 2020 is expected to slow […]

Construction

Construction in Sub-Saharan Africa slowing down amidst lockdown policies to curb COVID-19, says GlobalData

The construction output growth forecast for Sub-Saharan Africa (SSA) has been revised to 2.3%, down from the previous projection of 3.3% (as of mid-April) and 6.0% in the pre-COVID-19 case (Q4 2019 update). The revision reflects the impact on the region’s economic activity and investment growth stemming from the wider global slowdown and the outbreak […]

Construction, Uncategorised

Construction in MENA region face double whammy due to Covid-19 outbreak and oil price collapse, says GlobalData

The revised and further-cut construction output growth forecast for Middle East and North Africa (MENA) region for the year 2020 is -1.1%, down from the previous projection of -0.8% (as of mid-April) and 4.6% (Q4 2019 update) due to the soaring COVID-19 cases in the region, and the subsequent curfews and lockdown measures, according to […]

Construction

Construction industry in India to contract by 1.7% as government announces extension of lockdown, says GlobalData

The Indian construction industry is expected to contract by 1.7% in 2020, as the slowdown in 2019 has been compounded by the two-month lockdown due to COVID-19, says GlobalData, a leading data and analytics company. The slowdown in the construction industry in 2019 was due to liquidity crisis and slowing domestic demand in the residential […]

Construction

Hong Kong construction industry to contract by 9.2% as COVID-19 worsens the slump due to civil unrest, says GlobalData

The Hong Kong construction industry was in dire straits in 2019 as political unrest disrupted the market. The COVID-19 induced economic weakness is now expected to further exacerbate the gloomy scenario, with output expected to contract by 9.2% in 2020, says GlobalData, a leading data and analytics company. Tourism and exports are two main pillars […]

Construction

Construction industry in Singapore to plummet by 14.1% due to COVID-19, says GlobalData

Prior to the COVID-19 outbreak, the construction industry in Singapore had shown some signs of recovery, growing by 2.9% in 2019 following three consecutive years of decline. However, the COVID-19-induced economic weakness has disrupted the construction industry, with output now expected to plummet by 14.1% in 2020, says GlobalData, a leading data and analytics company. […]

Construction

Peru’s construction industry set to contract by 4% in 2020 amid measures to contain COVID-19

Peru’s construction industry is expected to contract by 4% in 2020, compared to a previous year-on-year growth forecast of 5.5%, and down from 1.5% in 2019 as a result of the stringent measures taken by the Government of Peru to contain the spread of COVID-19, according to GlobalData, a leading data and analytics company. The […]

Construction

COVID-19 will cause North America construction output to fall by $122.4bn in 2020, says GlobalData

Amid the rapid decline in demand for new projects and safety regulations related to the COVID-19 pandemic, construction output in North America is now anticipated to fall by 6.6% in 2020, which is equivalent to $122.4bn, and down sharply from the previously expected rise of 0.6% prior to the outbreak (+$12bn), according to GlobalData, a […]

Construction

COVID-19 will cause Latin America construction output to fall by 5.5% in 2020

With the emergence of the coronavirus and its continued spread across the region, Latin America’s construction output is now expected to contract by 5.5% this year, down from the previously expected decline of 4.1% in April’s update, according to GlobalData, a leading data and analytics company. Before the COVID-19 pandemic, GlobalData had expected construction output […]

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Construction

UK Government has only moderate chance of boosting infrastructure, says GlobalData

Further cuts to MENA construction sector as impact of COVID-19 and low oil prices deepen

Outlook for Europe’s construction sector remains bleak despite easing of lockdown measures

UK construction output plummets in April as lockdown measures takes it toll on the sector

Italy’s construction industry set to contract by 7.4% in 2020 due to COVID-19 lockdown measures

Construction industry growth in Indonesia to slow down to 0.5% in 2020, says GlobalData

French construction industry to contract by 9.4% in 2020, says GlobalData

Philippines and Vietnam among APAC markets with very good prospects to accelerate infrastructure investment, says GlobalData

Construction projects schedules are getting delayed due to COVID-19, says GlobalData

Construction is fastest growing sector in Germany

Chile’s construction industry outlook clouds as economic activity plummets in April

Growth in the Philippines construction industry to slow down to 1.2% due to COVID-19 containment measures, says GlobalData

Construction in Sub-Saharan Africa slowing down amidst lockdown policies to curb COVID-19, says GlobalData

Construction in MENA region face double whammy due to Covid-19 outbreak and oil price collapse, says GlobalData

Construction industry in India to contract by 1.7% as government announces extension of lockdown, says GlobalData

Hong Kong construction industry to contract by 9.2% as COVID-19 worsens the slump due to civil unrest, says GlobalData

Construction industry in Singapore to plummet by 14.1% due to COVID-19, says GlobalData

Peru’s construction industry set to contract by 4% in 2020 amid measures to contain COVID-19

COVID-19 will cause North America construction output to fall by $122.4bn in 2020, says GlobalData

COVID-19 will cause Latin America construction output to fall by 5.5% in 2020

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