Cement News tagged under: Construction

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UK construction sector activity 'slowed' in May - survey

07 June 2012, Published under Cement News

Growth in the UK construction sector slowed to a three-month low in May, according to a survey. The Markit/CIPS purchasing managers' index (PMI) for construction fell to 54.4 last month, from 55.8 in April. However, the reading indicates that the sector is still growing, as a figure above 50 implies expansion. Office for National Statistics figures found a fall in construction output in the first quarter of 2012 contributed to the economy contracting. The latest ONS figures, releas...

Euro output rebounds in March

22 May 2012, Published under Cement News

Euro-construction output rose in March at the fastest rate in at least a decade, rebounding after severe winter conditions in February. Construction output in the 17 nations that use the euro jumped 12.4 per cent in March from February, the first rise since November and the biggest since records began in 2001, the region's statistics agency Eurostat said. Large rises in construction activity in the region’s largest economies were behind March's increase, with German construction in part...

Infrastructure investments to secure steady annual growth of FDI to Africa

15 May 2012, Published under Cement News

Scaling up regional infrastructure projects will facilitate intra- and inter-regional trade, create integrated energy markets through regional power pools, support water resources management, and spur economic growth, says private equity leader. A growing emphasis on opening infrastructure investment to the private sector will both catalyse African economic growth and attract substantial foreign direct investment, the founder of Africa’s largest private equity firm said yesterday at the ...

UK construction recession deeper than estimated

14 May 2012, Published under Cement News

Latest data from the UK’s Office of National Statistics (ONS) show that construction output fell by 5% in the first quarter of 2012, considerably worse than the estimate of -3% that ONS previously indicated for GDP in the 1Q. Commenting on these latest figures, Noble Francis, Economics Director at the Construction Products Association said:  “The construction industry is now firmly back in recession and, although there are some areas of growth, such as private housing, the overall picture s...

MPA figures highlight need for UK construction investment

30 April 2012, Published under Cement News

The UK's Mineral Product Association (MPA) results for the first quarter of 2012 indicate a substantial reduction in sales of aggregates, ready mixed concrete and asphalt, confirming the latest GDP figures which show that declining construction activity has dragged the UK back into recession.   Compared with the same period of 2011, sales volumes of crushed rock and sand and gravel aggregates declined by 13% and 12% respectively in the first three months of 2012 and sales volumes of ready-mi...

UK construction returns to recession

26 April 2012, Published under Cement News

Figures from the Office of National Statistics (ONS) for GDP in the first quarter of 2012 show that the UK economy and construction industry returned to recession with a fall of 0.2% fall and 3% respectively. Commenting on these figures, Noble Francis, Construction Products Association Economics Director said: "Given the sharp effects of public sector spending cuts over the past 12 months it is unsurprising to see that construction returned to recession in the first quarter with a fall of 3...

European construction reports third consecutive monthly fall

19 April 2012, Published under Cement News

European construction output dropped for a third month in February, led by declines in Germany and Italy. Construction in the 17-nation euro region plunged 7.1 per cent from January, when it slipped a revised 0.5 per cent, the European Union’s statistics office in Luxembourg said. From a year earlier, output fell 12.9 per cent. German builders’ output plummeted 17.1 per cent after a 4.7 per cent gain in January, according to today’s report. In Italy and France, output declined 9.9 per ...

Future drivers of UK cement consumption

16 April 2012, Published under Cement News

With the UK construction industry continuing to suffer from reduced private and public demand, the offshore wind industry offers considerable economic promise, according to Andrew Minson, Executive Director of Mineral Products Association (MPA) The Concrete Centre. The growth of wind, wave and tidal industries has the potential to generate up to 120,000 jobs over the next 10 years, both directly and through the UK-based supply chain that is developing alongside it, the MPA notes. Furthermo...

UK construction reports unexpected monthly advance

04 April 2012, Published under Cement News

UK construction expanded at the fastest pace in 21 months in March, adding to signs the economy returned to growth in the first quarter. A gauge of building activity rose to 56.7 from 54.3 in February, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said in a report today in London. The median forecast in a Bloomberg News survey of nine economists was 53.4. A reading above 50 indicates expansion. Markit said confidence at companies increased to a 22-month high. ...

Indonesia Hosts Asia Pacific Infrastructure Forum

29 March 2012, Published under Cement News

Indonesia will host the largest infrastructure forum in the Asia Pacific region -- the Indonesia International Infrastructure Conference and Exhibition 2012 (IIICE 2012). This forum will be conducted simultaneously with the Asia Pacific Ministerial Conference on Sustainable and Inclusive Infrastructure Development 2012 (APMC-SIID) to be held from May 2-5, 2012 in Jakarta. This event will bring together governments, investors, bankers and the players in the infrastructure industry. Hatt...