Top Stories

construction

Gruas torre Pingon1

Spanish economy 22nd August 2014

Spanish construction sector will grow in 2015 for the first time in 6 years

MADRID | The Corner | The construction sector in Spain will grow next year by 1% compared to 2014, according to Cesce, a company specialized in credit services and commercial risk management. Thus this growth will change the downward trend that had maintained the sector during the last six years. According to Cesce, the building will boost the sector but the public works and engineering will have to reach the bottom and it will not start to recover until 2016, when it will reach 3% growth YoY.

No Picture

Spanish economy 21st August 2014

Spain registers the highest EU construction growth in 2Q

MADRID | The Corner | Spain was the EU28 member state with the highest increase in the production in construction during the 2Q, with an increase by 7.0% YoY, according to first estimates from Eurostat. Moreover, Spain was the fourth country in the EU28 with the biggest increase in the production in June, with a growth of 6.8%. However, the construction experienced a decline of 2.9% in June in comparison to May, which represents the second biggest monthly decline of this variable among the EU28 member states. In June compared with May 2014, seasonally adjusted production in the construction sector fell by 0.7% in the euro area and by 0.3% in the EU28.

No Picture

World economy 20th August 2014

US residential construction recovers in July

MADRID | The Corner | After two months of decline, US construction rebounds in July at the fastest pace in eight months. As the Commerce Department reported yesterday, the number of housing starts rose 15.7% in July compared to June, reaching an annualized figure of 1.09 million units, the highest in eight months. Meanwhile, applications for building permits in the same month also advanced  8.1% to an annual rate of 1.05 million, after drops of 3.1 percent in June and 5.1 percent in May. Notably the permits to build single-family homes, a segment that accounts for three quarters of the U.S. housing market, increased in July by 0.9% to an annualized figure of 640,000, the highest since December 2013. In addition, permits for units in buildings with five units or more rose 23.6% in July to an annual rate of 382,000, representing its highest growth rate since January 2006.

No Picture

In Europe 20th May 2013

Build Up Skills Spain: Can the EU help the construction sector?

MADRID | By Ignacio Mulas at CapitalMadrid | How to fix the most battered sector in Spain by the economic crisis? Construction has lost around 18% jobs in one year. A new European project called Build Up Skills Spain tries to shed some light and recommends public investment to upgrade  workers into energy efficiency and rehabilitation. Because that’s the only hope.

No Picture

Companies 20th July 2012

Spain’s construction company OHL to build Russian Olympic Flame resort

MADRID | After the bubble burst, the category of construction activity rapidly turned into a trap for many Spanish companies. Its dramatic effects have during the last four years shaken and closed enterprises, in the small and medium size sections as much as among the large corporative groups. Those who strive to survive the downturn must now find an edge, and Obrascon Hurate Lain or OHL may have proved just that.

No Picture

Markets 18th July 2012

Production in construction up by 0.1% in euro area

Being a member of the euro club continues offering confusing evidence of providing protection against the global economic downturn. In the construction sector, seasonally adjusted production rose by 0.1% in the euro area while it grew 1.6% in the European Union in May 2012, compared with the previous month. But in April 2012, production had decreased by 3.7% in the common currency region and 6.9% outside it. Compared with May 2011, production in…

No Picture

Companies 15th June 2012

FCC’s Alpine reaches €1 billion-worth contract line in 2012

MADRID | In a bid to offset its exit from the Greek market, Alpine, FCC's subsidiary in Central and Eastern Europe, said it will concentrate a commercial offensive in its domestic markets. Alpine would have unpaid bills in Greece of up to €20 million, according to the Spanish press reports. At a news conference in Gdansk, the company's new CEO Johannes Dotter announced that the company had already landed contracts worth close…

lkJZ

World economy 4th June 2012

Sabadell bank’s Jaume Guardiola: “This is the first euro crisis, we’re learning”

MADRID | In a interview published by El País this weekend, Jaume Guardiola, Banco Sabadell’s CEO (which is the fifth Spanish bank in terms of assets) said he was very optimistic about the country’s financial system and its economy as a whole. Despite the crisis that besieges Spain’s banking sector, he noted the industry will become smaller and more professional. He also thinks that the Spanish economy is showing “unequivocal”…