Falling aggregates and cement sales points to deeper recession

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Published at: www.cnplus.co.uk

Cement sales in Spain continue their dramatic decline

November 27, 2009

Analysis by: GLG Expert Contributor

Economic conditions have dramatically impacted cement consumption in Spain. In 2008 demand declined 24% and during the first 9 months of 2009 demand has dropped a further 35.4% according to the Spanish Cement Association.Stimulus funds to reactivate the construction sector have been ineffective and there are still close to 1.5 million excess homes in Spain, which will not be absorbed until 2016. According to industry players, cement demand will decline a further 10-15% next year.

Keith JonesPresidentMaterial Advisory Group, Inc.

Construction Materials Industry Has a Long Road to Recovery

November 25, 2009

The United States construction materials industry has likely finally hit bottom, but the ride down has taken its toll. Industry players in cement, ready mix, aggregates, asphalt and contracting are operating at a fraction of their usual total capacity. Stimulus funds have not flowed fast enough to be of any true benefit this construction season and the majority of these funds will rollover into 2010. The upcoming seasonal lull will have a continued negative impact on revenues and profits.

David GordonPrincipalChannel Marketing Group, Inc.

Construction Forecast - Electrical Focus

November 22, 2009

The downturn in the electrical industry is currently forecasted to be down for awhile - in fact 2013 revenues are projected to be less than 2006, and that includes inflation and the gyrations in the commodity markets!Commercial construction is expected to be down 10-15% nationally next year. There will be a slight improvement in residential (could it get lower), industrial MRO is supposed to improve and the "savior" is instituitonal spending (government, eduction, healthcare).