Construction
The HCOB Eurozone construction purchasing managers’ index (PMI) for March came out on Friday morning, clocking in at 42.4, according to S&P Global. This was a fall from February’s 42.9 and was mostly due to a significant fall in housing activity. A major reduction in new business, caused mainly by dampened demand, also resulted in more jobs being slashed, as well as some budget tightening. This was reflected in less subcontractors being used, as well as fewer raw and input materials being purchased. Civil and commercial engineering companies saw ongoing reductions in activity, with March comme...
Euronews (English)
The world's most famous unfinished building may finally be completed after architects said that the basilica would be finished by 2026, marking the centenary of the death of the Sagrada Familia's creator, Antoní Gaudí. Esteve Camps, the president of the organisation in charge of realising the original masterplan of Gaudí, said the building should be completed within two years, some 144 years after the first stone was laid on the site. If the deadline is reached, the basilica would include the 172.5-metre central tower dedicated to Jesus Christ, making the Sagrada Familia Barcelona’s tallest bu...
Euronews (English)
Another month, another climate record topples. February saw global air temperatures break records, while sea surface temperatures were also at the highest ever recorded, according to scientists at the EU’s Copernicus Climate Change Service. Meanwhile, the world’s carbon dioxide emissions from energy continued to rise in 2023. The physical consequences of climate change — storms, floods, fires, extreme heat — are affecting communities rich and poor across the planet. Real estate and the buildings around us are on the frontline of this challenge. The built world is the biggest contributor to glo...
Euronews (English)
Another Chinese construction group has missed a deadline for payments to its creditors. The Beijing-based Radiance Group announced on the Hong Kong stock exchange on Wednesday evening that it had defaulted on the repayment of a bond worth $300 million. Radiance said in its announcement that it was "making every effort to find a solution and is endeavouring to maintain close communication with bondholders." The property developer Country Garden was unable to make a payment on a domestic bond just last week. Many Chinese property companies have overextended themselves financially in order to be ...
DPA Breaking News
Villeneuve-de-la-Raho (France) (AFP) - Plusieurs milliers de personnes - 4.500 selon les organisateurs, 1.500 selon la gendarmerie - ont défilé samedi autour du lac de Villeneuve-de-la-Raho (Pyrénées-Orientales) pour s'opposer à un projet de golf dont les terrassements ont débuté à proximité, a constaté l'AFP. Militants écologistes ou de partis de gauche (PC, PS, NPA), élus départementaux ou régionaux faisaient partie du cortège qui a rejoint, dans une ambiance festive et sans incident, la mairie de la commune, favorable à ce projet contesté de golf de 18 trous et de 600 logements, pour une tr...
AFP (Français)
By Valentin GRAFF Toulouse (AFP) - Un immeuble de trois étages, évacué mardi après des premiers signes de danger, s'est effondré dans la nuit de vendredi à samedi dans le centre de Toulouse, sans faire de victime, d'après les premières constatations des pompiers, qui ont longuement inspecté les décombres. L'effondrement est survenu dans une rue piétonne commerçante, au coeur d'un des quartiers les plus anciens de la quatrième ville de France. Le bâtiment situé près de la place du Capitole qui abritait neuf logements et deux commerces n'était plus occupé, depuis son évacuation mardi, à la suite...
AFP (Français)
By Isabel MALSANG Paris (AFP) - Comment adapter les bâtiments aux tempêtes, canicules et inondations qui se multiplient avec le dérèglement climatique? Comment décarboner les bâtiments sur la planète? 1.800 responsables politiques, professionnels de la construction, investisseurs internationaux d'une cinquantaine de pays planchent sur le sujet jusqu'à vendredi à Paris. Alors que s'enchaînent les records de chaleur sur le globe, pour la première fois des ministres chargés de la construction ou de l'environnement --dont des représentants chinois et américains, les deux pays les plus émetteurs de...
AFP (Français)
By Isabel MALSANG Paris (AFP) - Saint-Gobain a souffert de la crise de la construction neuve en Europe l'an passé, et annoncé pour 2023 un résultat et un chiffre d'affaires en recul après une année 2022 de records. L'an passé, le géant des matériaux de construction a vu son bénéfice net reculer de 11% par rapport à 2022, à 2,67 milliards d'euros sur un chiffre d'affaires en recul de 6,4% à 47,94 milliards d'euros, a indiqué le groupe dans un communiqué, soulignant néanmoins une marge d'exploitation "record" à 11% et "en progression dans toutes les régions". Pour 2024, le groupe anticipe un mar...
AFP (Français)
Europe's largest economy may have already slid into a recession, according to Germany's central bank, the Deutsche Bundesbank. This is mainly due to a number of factors such as dampened construction activity, strikes and falling foreign demand. The news comes after the German economy saw a fall of 0.3% in the last quarter of 2023. Looking forward to expectations for the current quarter, the Bundesbank said in its monthly report that "stress factors would probably remain in the first quarter" which would mean "economic output could therefore decline again slightly in the first quarter of 2024"....
Euronews (English)
German construction machinery manufacturers are expecting sales to drop significantly this year, after seeing record sales in 2023, according to the industry lobby group VDMA. Soaring sales in 2023 were entirely due to a major backlog in orders that had built up during the coronavirus pandemic and supply chain bottlenecks. Sales nominally increased 11%, although the jump was a more modest 4% after adjusting for high inflation. New orders have fallen off massively and demand appears to be plunging, manufacturers said, with percentage declines in the double-digits expected during the coming year...
DPA Breaking News
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