construction - Latest news GMK Center

Engineering structures became the driver of construction growth during this period, increasing the indicator by 34% y/y

The number of contractors who consider the order portfolio higher than average has increased

Сonstruction activity in the EU is relatively stable and requires the same volumes of steel as a year earlier

Compared to May 2022, the figure remained unchanged

In July, the volume of construction in the country grew by 1.1%, which is significantly lower than expected (2.5%)

In 2024, the volume of construction will recover to 0.7%

Industrial and infrastructure projects in global economies cannot compensate for sector weakness

Compared to April 2023, the indicator increased by 0.2%

The industry association predicts that 2023 will be a year of decline after two consecutive years of growth

Considering the market, the coming months are expected to be challenging for the industry

In June, the number of companies that consider the market to be unpredictable increased

The situation varies by country, but pessimism is observed in the largest EU economies – Germany and France