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Construction

Despite no-lockdown policy, COVID-19 expected to contract Swedish construction industry by 4% in 2020, says GlobalData

The gloominess in the Swedish construction industry will worsen further due to COVID-19, with the industry expected to contract by 4% in 2020 despite the country’s no-lockdown decision, says GlobalData, a leading data and analytics company. Reflecting the lack of strict containment measures – for large parts of the economy and the construction industry, this […]
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UK construction output plummets with worse yet to come

Following today’s release of first quarter GDP data that showed construction output in the UK contracted by 2.7% in the first quarter of 2020, compared with the fourth quarter of 2019; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “Construction output saw its biggest decline in March, contracting by […]
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COVID-19 and lower oil prices to drive down Australia’s construction industry, output expected to contract by 5.7% in 2020, says GlobalData

The Australian construction industry is expected to contract by 5.7% in 2020 despite the country designating construction industry as ‘essential service’ and allowing it to continue during the lockdown due to the twin effects of COVID-19 and lower oil prices, according to GlobalData, a leading data and analytics company. Dhananjay Sharma, Construction Analyst at GlobalData, […]
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Russia’s construction industry expected to shrink by 3.8% in 2020 due to COVID-19 related disruptions, says GlobalData

The construction sector has suffered as a result of the COVID-19 outbreak, experiencing severe disruptions on several construction sites, including the Arctic LNG 2 project.  As a result, the output in the Russian construction industry is expected to contract by 3.8% in 2020, a significant downward revision from the 2.6% growth expected prior to the […]
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South Korea’s construction industry output expected to contract by 2.8% in 2020, says GlobalData

South Korea’s construction industry is expected to contract by 2.8% in 2020 as containment measures for COVID-19 and slower economic growth due to declining exports will adversely affect the industry, according to GlobalData, a leading data and analytics company. Dhananjay Sharma, Construction Analyst at GlobalData, comments: “Due to extensive testing and contact tracing measures, South […]
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Western European construction output to contract by 5.1% in 2020

Leading data and analytics company GlobalData forecasts that the Western European construction industry will contract by 5.1% in 2020, a sharp downward revision from the 0.7% expansion forecasted in the Q4 2019 update. A further downward revision of the forecast is likely if containment measures are extended in the coming weeks. Moustafa Ali, Economist at […]
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Construction activity in Latin America to contract further in 2020

The construction industry in Latin America is expected to contract further in 2020 following a decline in the previous year, according to forecast updates by GlobalData, a leading data and analytics company. Before the COVID-19 pandemic, GlobalData expected growth in Latin America’s construction industry to recover to 2.3% by 2020 due to increasing construction activity, […]
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Sub-Saharan Africa construction sector highly vulnerable to ancillary impact from coronavirus pandemic

Leading data and analytics company GlobalData has revised its construction output growth forecast for Sub-Saharan Africa (SSA) in 2020 to 3.6%, down from the previous projection of 6% (Q4 2019 update). The company’s latest report, ‘Global Construction Outlook to 2024 (COVID-19 Impact)’, states that the revision reflects the impact on the region’s economic activity and […]
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Construction industry outlook looks increasingly bleak across UK and Ireland, says GlobalData

With UK and Ireland construction firms announcing site closures, project delays and profit warnings amid the coronavirus (COVID-19) outbreak; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the challenges facing the industry: “As the virus outbreak worsens in the UK and Ireland, several contractors have announced site closures […]
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Western Europe construction output forecasted to contract as coronavirus spread causes severe disruption, says GlobalData

With economic conditions set to deteriorate in the coming months, as much of Western Europe has been placed under strict lockdown, the construction industry is set to face severe disruption. Leading data and analytics company GlobalData has revised its forecast for the Western Europe construction industry, with a contraction of 1.9% expected. GlobalData’s report, ‘Global […]
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