CEMBUREAU has published its latest Quarterly Economic Report, which highlights that although real GDP has continued to grow in 2Q15, the momentum has slowed compared to the previous quarter. Due to this, business and consumer confidence indicators have fallen slightly in 2Q15, although they have remained consistently above 2014 levels since January 2015.
According to leading indicators for the construction sector in 2Q15, the ongoing economic recovery across the EU continues to be disconnected from the construction cycle. Concerning construction, widespread recovery is lagging behind, leading to mixed signs and diverging developments in major euro area economies being seen in the construction sector data.
Industrial production also remained at very low levels in historical terms, despite a recovery in Italy and Spain, and moderate but continued growth in Germany.
Cement manufacturing indices in 2Q15 remained around record lows across the EU, having recorded a negligible quarterly increase, drops in Germany and France, and a continuation of the low levels seen in Italy and Spain.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/europe-cis/29092015/cembureau-publishes-2q15-report-686/