Spain: cement demand up 5.6% YoY 8M15

Spain’s cement consumption increased 5.6 per cent YoY to 7,397,362t in the first eight months of 2015, according to Oficemen, the country’s cement association. However, this pitches growth just below 1H15 expansion, when demand increased by 8.6 per cent.

The small difference has been attributed to a two per cent YoY drop in July and August when compared with 2014. In July consumption contracted by 5.3 per cent to 1,063,274t, the first time since September 2014. The indicator registered 2.2 per cent YoY growth ti 880,866t  in August.

"As we come forward in recent months, 2015 will be an atypical year marked by strong volatility, in which we see growth and falls, which are confirming the last recorded figures," explains Oficemen CEO, Aniceto Zaragoza.