Following the weak December business in Germany, the business of building valves manufacturers in Germany improved significantly in January. Sales revenue increased by 7 percent compared with the previous year. At the same time, international business slumped by 11 percent.
As in December, the signs for domestic and foreign business were different in January. This time, however, domestic sales increased, while the decline in foreign sales caused total sales to shrink by 2 percent.
While the European construction industry was still able to achieve growth of 2.3 percent in 2019, growth is expected to flatten out to 1 percent in the period 2020 to 2022. The new construction sector, which has expanded strongly over the past five years, will lose momentum in favor of the renovation market.
Building construction in Germany will continue to grow in the coming years, albeit at a slower pace due to the aggravation of known challenges in the industry such as capacity bottlenecks and mobilisation of building land.
Numerous urban development projects are the answer to the growing demand for housing in Kuwait. The "Silk City" project is also under discussion again. But there is often a big gap between planning and implementation.
At the beginning of 2019, the go-ahead was given for a new oil refinery in Hassi Messaoud. Algeria wants to avoid fuel imports in the future. Plans include the construction and expansion of further refineries.
The Czech chemical industry is increasing its exports and is benefiting domestically from growing private consumption and the good development of some industrial sectors. The investment climate in the chemical industry remains good.
This month we are updating our privacy statement to better understand what information we collect and why. We have also taken steps to improve our features to protect your information and privacy.
There is no change to your current settings or how your data is processed. We have merely improved the explanation of our procedures and explain to you in more detail what options you have to update, manage and delete your data.
We take the protection of your personal data and their confidential treatment very seriously.
General information about the scope of processing of your personal data and about your data protection rights can be found at www.vdma.org/datenschutz.
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