The December business was rather unpleasant for the manufacturers of building valves. Domestic business was down 4 per cent on the same period last year and foreign business also recorded a slight drop of 1 per cent.
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.
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.
The construction sector in Romania is experiencing significant growth for the first time in years. EU funding for infrastructure development should provide a further boost to growth in the coming years.
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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