Construction news

According to the company, construction output is set to contract in South and South-East Asia as a result of the coronavirus causing disruption to the construction industries.

Due to COVID-19 related disruptions and worsening economic conditions, GlobalData forecasts the Russian construction industry to contract by 3.8% in 2020.

The company predicts that the construction industry in South Korea will contract due to containment measures for COVID-19 and slower economic growth adversely affecting the industry.

The company has cut its construction output growth forecast for Mexico to -7% in 2020, down from the previous forecast projection of -1.5%.

Catherine Kerninon, EUROSAC, and Kennert Johansson, CEPI Eurokraft, discuss the results of a recent study by Sintef which investigated the shelf life of paper and plastic cement sacks.

The country’s government is still pursuing investments in the energy market, which is a positive outturn for the construction industry in Egypt, GlobalData reports.

The data and analytics company 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 predicts that, across the globe, the construction industry will be heavily affected due to the coronavirus (COVID-19) outbreak.

The BetonTage exhibition is to be held in Neu-Ulm, Germany, from 18 – 21 February 2020.

Imran Akram, IA Cement, provides an overview of the expected demand prospects and economic trends of the global cement industry for 2020.