Cement consumption in Spain has closed the month of January with a drop of 1.1%, reaching 747 416 t. This figure is 7967 t less than a year ago. This decline counters studies expecting a growth of 2% in this month.
"This data confirms that the cement market has failed to stabilise and that political instability could make a dent in our forecasts," says the CEO of market analysts Oficemen, Aniceto Zaragoza.
Oficemen has proposed 25 measures to increase production and consumption based on proposals supported by the current context of budgetary restraint, which would help in the medium term for the recovery of the industry and the creation of 7000 jobs.
New research by GlobalData’s MEED has shown that the commercial value of construction contracts issued in the Gulf Cooperation Council (GCC) fell by more than 50% in the first eight months of 2020 compared to the same period in 2019.