Economic information

German construction industry remains on course - USA new top sales market for the valve industry - Long-term expectations remain subdued
Sales up 2 percent - China and USA remain the most important sales markets - stagnation expected for 2020

Building valves slowed down by foreign business
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.
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Weak foreign sales dampen start to the year for industrial valves
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.
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Construction industry

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.
The western neighbouring countries of Germany, Belgium, France and the Netherlands, continue to offer good sales potential for the German sanitary and heating fittings industry in the coming years.

Building construction 2019 - positive prognosis
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.
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Asset Publisher

Construction industry with growth opportunities in individual countries
Global growth in the construction sector will weaken somewhat over the next few years. Nevertheless, as the current gtai country reports show, individual markets offer perspectives.
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Chemical industry growth weakens worldwide
Weakening automotive industry causes sales losses / Some countries continue to offer attractive prospects
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Contradictory trends in the global energy market
The current World Energy Outlook highlights the currently very different trends and contradictions in the global energy market.
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Rome is making 25 billion euros available for those who are economically hardest hit by the coronavirus.
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.
Water management in Morocco remains an ongoing issue. No matter if it is about drinking water supply or agricultural irrigation. The government has adopted a new programme for this.
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.
Over the next few years, Turkmenistan plans to spend around 10 billion US dollars on projects to expand the chemical, gas and petrochemical sectors.
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.
Oman plans to expand the capacity of its seawater desalination plants by one million cubic metres/day over the next four years. Projects worth US$1.2 billion about to be awarded
After a slow start, Poland's social housing programme will now gain new momentum. 20,000 social housing units are to be built. The housing market as a whole is still on the upswing.
In the near future, Hilton, InterContinental and Marriott plan to open around 1,100 new hotels in China. When furnishing their hotels, the hotel companies often rely on imported goods.
German machine-builders in China should now be looking into the introduction of the SCS.
Inga Kelkenberg
Inga Kelkenberg
Market research, economy data, statistics, trade fairs and exhibitions
+49 69 6603-1549
+49 69 6603-2549
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