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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La construcción actúa como termómetro en la economía global
The sector of the construction moves between the slow mejoría of United States, the impulse of the infrastructures in Brazil and the austerity of the European governments

The construction acts like thermometer in the global economy

Editorial Interempresas18/02/2013
The industry of the construction is one of the most important indicators to understand the phase in which it finds the economy of a country, as it shows the last report of Credit and Caución. The analysis, that can result of special interest for the Spanish companies of the sector that look for to realise commercial operations in the external markets, does a route by the forecasts of behaviour of the construction, valuing the risk associated to the companies in different markets.

The report shows the differences of behaviour of the sector in the different zones of the world. In United States expects an increase in the activity of the construction, promoted by the slow mejoría of his economy. In 2013 it expects an increase in the construction of houses unifamiliares of 20% and of residential buildings of 16%. The commercial openings of hotels and warehouses will increase 12%.

Imagen

In the countries of Europe the signs are less positive. In Germany, the industry of the construction shows more saneada and dynamic that the one of his European neighbours, on line with his economy. Of face to 2013 sample some perspectives of growth of 2%. The problems of the sector in other markets of the zone euro have promoted the residential sector in Germany, that is seen by the international investors like a safer bet. In 2012 it registered a growth of 8%, whereas the industrial construction remained in 4,5%. The construction publishes faces a shrinking of the turnover of 6%, linked to the fall of activity.

In France, however, the growth of the GDP of only 0,2% reflects in the market of the construction. It is a very known history: the cuts of the public budgets, the low investment, the low consumption, and the scarce banking loans, do mella in the sector. It foresees that the volume of the subsector of new house follow diminishing 8,9% in 2013, by what will not be before the 2014 when they begin to see changes in the sector.

In Belgium, the industry of the construction follows the same economic tendency. It expects a backstitch in 2013 in the private sector in front of the public construction, since the local governments, regional and state will tackle the public deficit, what will cause that the investment under construction was minimum.

Turkey and Hungary have a sector of the construction in full crisis. In the case of Hungary, 2012 finalised with a fall of the sector of the house of 24%. The case of Turkey is atypical. The country has fewer problems in his general economy, but the sector of the construction suffers an excess of existences and the effect disuasorio of a rise of the VAT in new house.

Good panorama… just across the Atlantic

And while, just across the Atlantic the panorama of the construction is good. In Mexico, where the construction reflects a moderate but positive growth, foresees that it keep a tax of growth of 3,8% of 2013 to 2016. The construction of houses, schools, hospitals and buildings contributed 44% of the total work of the construction, whereas 27% came from of infrastructures and 29% of the energetic industry and projects of water.

In Brazil, the industry has grown quickly and foresees that it continue imparable in 2013 and 2014, because of the need of infrastructures that has the country. In 2013 it expects that there is an internal impulse and an increase of the public and private investment that will include the realisation of new projects. The construction of roads also has helped a lot to this growth. By the contrary, the increase of the price of the loans hipotecarios has produced a fall in the sale of houses of until 8,1%. The main reason of worry is the possibility of a bubble of prices in the subsector of the house.

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