Construction

On the back of coronavirus disruptions, investor relations company Moody’s has issued a pessimistic outlook on the global construction industry for the next 12 months.  Moody’s Investors Service has issued a report that forecasts there will be a decline in the aggregate average revenue for rated construction companies (excluding mergers and acquisitions), thanks to COVID-19 disruptions, […]

Global construction equipment sales are expected to fall 19% this year from the 2018-2019 peak of 1.1 million machines to 891,000 units, according to revised forecasts from specialist market research and forecasting company, Off-Highway Research. The mildest impact is expected in China where Off-Highway Research’s previous forecast of an 8% fall in sales compared to

Construction spending showed declines in many sectors in March, when the Covid-19 pandemic delivered its first blows on the world’s economies, but a small bright spot can be found in the increase in communications related construction, likely in response to a greater demand for at-home connectivity, according to reports. The first impacts of the pandemic on US construction spending

Do you remember the first time you experienced ConExpo-Con/Agg? You surely learned at least one hard lesson at that time. “Make sure you have some good shoes,” says Dana Wuesthoff, vice president of exhibitions at the Association of Equipment Manufacturers (AEM), which manages the massive trade show. “You need to have some good shoes that have been worn

The Saudi Contractors Authority (SCA) has announced the launch of the second edition of its Future Projects Forum (FPF), which will be held in Saudi Arabia’s capital city of Riyadh on 25 and 26 February, 2020. The FPF event is expected to be the contracting sector’s largest gathering in the kingdom, with 35 government and private entities –

Turkey’s construction industry is expected to recover from its current slump and rise to US$230 billion in 2024, thanks to the government’s focus on developing transport, residential and energy infrastructure, as well as investments under its 11th five-year development plan 2019-2023. GlobalData’s report, ‘Construction in Turkey – Key Trends and Opportunities to 2024’ reveals the industry’s growth