BMI View: The Czech construction industry is expected to expand 5.95% y-o-y in 2016, slightly higher than
the already strong figures of 2015. This year, the main growth drivers are expected to be the non-residential
and transport sectors. The latter through the rail a ..."
BMI View: Construction sector growth is surprising to the upside in 2016 and we have
accordingly adjusted our 2016 growth estimate from 0.4% to 2.3%. This is being driven by increasing
residential and commercial building activity. However, long-term growth will be mut ..."
BMI View: Despite strengthening external headwinds, Germany's economy demonstrates resilience, driven
by robust private consumption trends. This bodes particularly well for the residential construction sector,
which will lead to expansion in the construction industry ..."
BMI View: Although construction growth will slow in 2016 on the back of a weaker than expected first
quarter, Romania's construction sector growth will nevertheless outpace the European average over the
next five years as EU funding inflows seek to alleviate the count ..."
BMI View: Poland's construction industry is poised for growth over the first half of our forecast period,
driven primarily by investment into transport infrastructure, the largest sector in nominal value terms and
main beneficiary of EU funding. We also anticipate rob ..."
BMI View: The Brexit vote in the short term will have a negative impact on the construction sector, most
acutely felt in the residential and non-residential building sector. Infrastructure should be insulated from a
downturn in the economy as budgetary allocations hav ..."
Construction activity in France was weak during the review period (2011-2015), as a result of depressed economic conditions, which resulted in a deteriorating business environment and low investment in construction projects. Consequently, the ..."
BMI View: The growth outlook for Switzerland's infrastructure sector remains muted this quarter, with a
limited project pipeline reflecting the overall maturity of the market as well as the government's prudent
spending policy. Transport infrastructure, in particular ..."
Construction activity in Spain shrank during the review period (2011-2015), reflecting weak business confidence, consumer demand and depressed economic conditions. Poor investor confidence reduced infrastructure construction activities during ..."
BMI View: Brexit will have far-reaching implications for the UK construction sector. Overall, in the
short term these implications are negative, with investment decisions from the private sector to be put on
hold, while the government has entered a period of instabili ..."