construction - Latest news GMK Center

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

Compared to March 2023, the indicator decreased by 0.4%

The driver of construction growth during this period was engineering constructions, increasing the indicator by 23.1% y/y

Beijing is likely to try to reduce economic dependence on the sector

Firms note the improvement of the situation with the supply of building materials