Jefferies reports advances in January consumption

Jefferies reports advances in January consumption
Published: 07 March 2012

Latest analysis from Jefferies International shows that cement consumption increased in January in 13 of the 17 countries for which it has data.

Monthly demand rose for two of the four developed countries and in 11 of the 13 emerging markets with the exceptions of Poland and Vietnam. The rate of growth exceeded 10 per cent in nine countries, up from seven countries in December and five in November.

Demand in Northern Europe for January was similar to the year before. There was a strong start to 2012 in Russia and Ukraine, notes Jefferies. However, demand was probably weaker in February in both Northern and Eastern Europe due to cold weather, the house notes. Cement demand grew strongly in Africa and South America in January, but the rate of growth slowed in Asia.