Construction market trends-Rider

Company News

Construction market trends

Time : 2023-10-13

Elevated interest rates contribute to a decline in homebuilding, but the surge in permits buoys well for future residential construction. Manufacturing construction remains solid.

Private residential output is up 0.6% m-o-m (-3.1% y-o-y) in August; Building permits up 6.8% m-o-m (-2.8% y-o-y) in August.

Private non-residential output is up 0.3% m-o-m (19.7% y-o-y) in August; Architecture Billings Index (ABI) falls to 48.1 in August from 50 in July (< 50, contraction).

Government introduces stimulus measures to residential property but in a piecemeal fashion to avoid adding to increasing public debt. Infrastructure supports overall construction activity.

The 3-month moving average y-o-y decline in floor space started reached -28% in August; floor space sold was down -26% y-o-y during the same period. Railway investment is up 23% year-to-date, y-o-y in August.

QQ截图20231013095038.jpg

Eurozone construction activity remains weak; construction confidence in negative territory.

Eurozone construction was up 0.8% m-o-m (1.3% y-o-y) in July; Buildings were up 0.9% m-o-m (1% y-o-y); Civil works are down -0.4% m-o-m (3.6% y-o-y).

The IHS Markit Eurozone Construction PMI increased marginally to 43.6 in September from 43.4 in August (< 50, contraction).

A favourable monsoon contributes to double-digit expansion in the core index of industrial activity.

Weighted average of eight core industries’ output rose by 12% y-o-y in August; steel production up 11%, and cement up by 19% y-o-y.

Last：Steel is at the core of a green economy. Next：Gas pipelines in Germany are ready for hydrogen transport

Product display

World’s largest fusion reactor offers hope for clean energy
World Steel in Figures 2023 now available
April 2022 crude steel production
The prosperity index of China's logistics industry was 53.6% in December

一级标题

一级标题