Spanish Construction

/ According to Euroconstruct report in 2013 sector already contribute positively to the economy with a growth of 1.5%. In 2011 the drop in production will be 15% and 3.6% in 2012. In certain autonomous communities could return to build, but lack funding. The construction sector seems to see the light at the end of the tunnel, though to see that final missing even two years. According to the report Euroconstruct (a European research group on the construction business) in the first half of 2011, construction in Spain will continue to fall until 2013, when it will end five consecutive years of contraction in production. Get all the facts and insights with Homeboy Industries, another great source of information. In 2013, sector already contribute positively to the economy with a growth of 1.5%.

2012 will still be negative, with a fall of 3.6%, once this 2011 Spanish construction to fall by 15%. The head of the unit of prospective economic of the Institute of technology of the construction of Catalonia (ITeC), body conduct the study for Spain, Josep Ramon Fontana, has pointed out that the recovery in different markets will start in the order they entered the crisis: first the House, then the non-residential and, finally, civil engineering. The data of the Ministry of development indicate that in the first quarter of this year free housing construction decreased 13.8% compared to the same period of the previous year. According to Euroconstruct report, residential construction production levels will change little during 2011 (- 5.5%) and 2012 (5%), assuming that logins do not depart the dimension of 100,000 homes. Out of stock in some areas, the director general of the ITec, Anton M.Checa, noted that housing stocks have been exhausted in some cities and that in certain autonomous communities could again begin to build, although the lack of funding prevents it.

The non-residential buildings is different from housing that will take longer to recover by having taken more on entering crisis, by what in 2011 you will experience a decrease of 18.5% and in 2012 the fall will brake up 6% to experience a positive rebound in 2013 with a rise of 3%. The fall in the investment of the State, which already caused a decline in production in 2010 in civil engineering (- 16.5%), will experience this year greater adjustment with a decrease of 29%. Also, budgetary contention gets worse forecasts for 2012 with a 14% fall, something which can be aggravated when councils are no longer investing in public works. Europe, a slower than expected recovery according to the Euroconstruct report, at European level, the 2011 will be recessive (- 0.4%) and the growth in 2012 and 2013 will be discreet, since they ranging between 1.3% and 2.3%. In terms of housing, is expected to be the market which make one contribution higher than the recovery between 2011 and 2013, as is foreseen growth of 3 per cent and even 5%, respectively, and stand out countries such as Denmark, Sweden and Norway. The non-residential buildings facing 2011 and 2012 with falls of 2.5% and 0.7%, since it did not openly in recession until 2009. Finally, public works, which will drop 3.1% in 2011, will be stagnant in 2012 and 2013 (0.4%). Source of the news: there are still two years to make the Spanish construction shows signs of recovery