Timetric

According to a new report from Timetric’s Construction Intelligence Center (CIC), the global construction industry is gradually regaining strength. This comes after a prolonged period of sluggishness in the wake of the global financial crisis. In real terms, the global industry is expected to have reached US$8.5 trillion in 2015, up from US$7.5 trillion in 2010. Over the forecast period (2016-2020) the pace of expansion will accelerate to an annual average of 3.4%, with the industry reaching a value of US$1

After a sluggish performance over the past couple of years, Poland’s construction is recovering strongly, according to a new report by Timetric’s Construction Intelligence Centre. Construction activity in Poland was weak during the report’s review period, 2011–2015, because of a deteriorating business environment, weak economic conditions, currency depreciation and a lack of foreign capital investment. The report, ‘Construction in Poland – Key Trends and Opportunities to 2020’, noted that the construction s

Norway’s construction industry will continue to expand for five years, with investment in transport infrastructure continuing to drive growth, according to a recent report. The government’s fourth National Transport Plan 2014–2023 calls for a series of new infrastructure projects worth around US$86.5 billion. Nearly 1,300km of new trunk roads and 380km of four-lane motorway will be opened, as noted by the Norwegian Ministry of Transport and Communications The overall construction industry’s output va

According to a new report by Timetric’s Construction Intelligence Centre, 15 of the major economies in Europe are investing over US$1.43 trillion in road and rail construction projects in the coming years. Russia leads with investment of $433 billion, followed by the UK and France with $263 billion and $167 billion, respectively. The railways sector has the highest value at $804 billion, followed by the roads sector at $301 billion. Tunnels and bridges is valued at $227 billion and the trams and metros se

Research from business intelligence specialist Timetric suggests that the market for infrastructure construction is growing fast in the Philippine. Timetric’s data shows that infrastructure accounted for 37.3% of the country’s construction sector and was worth US$9.6 billion in 2012. The market grew at a Compound Annual Growth Rate (CAGR) of 12.12% and is expected to reach a CAGR of 8.19% by 2017, having been boosted by the need to repair flood damage that occurred in 2012. The country’s construction ind