Germany: a positive outlook?
As the German economy continues to expand, investment in construction is rising. However, the recovery of the key market appears to be slowing and cement demand in 2015 slipped when compared to the previous year’s volumes. But with imports declining and exports recovering, the outlook for domestic cement producers is improving.
The German economy expanded 1.7 per cent in 2015 following growth of 1.6 per cent the previous year.
German GDP, which grew by 3.5 per cent last year, accounted for 20.7 per cent of the European Union (EU) total, compared with a share of 17.6 per cent for the United Kingdom and 14.9 per cent for France.
With a popualation of 82.6m in 2015, the Federal Republic has the largest population in Europe by some margin and saw its per capita GDP improve by 3.2 per cent YoY to €37,156.