BMI View: Overall, the sealing of the first bailout review on May 24 2016, which, among others, required
the creation of a privatisation 'super fund' that will also be responsible for the management of state assets,
marked that the privatisation route is open and is e ..."
BMI View: The outlook for Italy's construction sector, although an improvement on previous years,
remains largely subdued. The weak housing market and lack of public spending capacity for large-scale
social infrastructure projects, due to ongoing austerity measures, w ..."
BMI View: We currently forecast 1.8% y-o-y real growth this year, mainly due to infrastructure industry
(particularly projects in the road and railway sub-sectors), since it is expected to expand by 2.2% y-o-y in
2016 and it contributes more than 56% to the total cons ..."
BMI View: In 2015, Spain's construction industry recovered after six years of consecutive decline. While
we maintain our positive outlook for the industry in 2016, persisting political uncertainty in Spain poses a
significant downside risk to our forecasts. In the med ..."
In real terms, the Hungarian construction industry posted positive growth during the review period (2011-2015). Construction activity was weak in 2012, as the economy was hit by a recession. Consequently, limited business confidence adversely ..."
BMI View: Hungary's construction sector growth will continue to be backed mainly by EU funds; in the
transport infrastructure industry, road and rail projects will benefit mostly, while in the energy and utilities
infrastructure industry, the power plants and transmis ..."
In real terms, the Romanian construction industry registered limited growth during the review period (2011-2015), due to low investments in construction projects during 2011-2012. Corruption allegations against politicians adversely affected i ..."
Bulgaria's construction industry has been in decline since 2010. In real terms, the Bulgarian construction industry's output contracted by 11.4% between 2010 and 2015. This decline can be attributed to the country's high unemployment rate, eco ..."
BMI View: Germany's solid economic performance continues to present upside risks to our construction
industry forecasts over 2016 and 2017, although we note a lack of investment from the government and
corporations means growth will trend lower over our 10-year foreca ..."
BMI View: The Czech construction industry is anticipated to expand 2.9% y-o-y in 2016, the same growth
rate compared to 2015. This year, the main growth drivers are expected to be the energy and transport
sectors. The latter through the rail and roads sub-sectors, whi ..."