This brief report, presents the construction sector as a sensitive one, with structural weaknesses and unfavourable or fairly bad outlook. The construction sector is growing slowly with the emerging markets rising twice as fast as the mature ones in 2014. The great differences between the countries, especially in the economies and in the housing price trends, make the estimation of the recovery and the future growth of the construction industry a complex task.
Recent developments show a tenuous recovery in progress in smaller economies, and a real one in the US. Some of the opportunities that can be recognised include the positive impact of new environmental standards in mature markets and the potential of infrastructure development in emerging countries. The housing market is considered a high potential one, but very sensitive to changes in the local environment and public stimulus.
To access the report please visit the EULER HERMES website.