Roto said that it sees growth in the upcoming months
At its recently held 12th International Trade Press Day in Germany to highlight the 2017 market, Roto Group says that it is seeing increased performance, competitiveness and sustainability along with growth heading into 2018.
Roto’s global CEO, Dr. Eckhard Keill, said that the international construction industry is in slightly better shape in 2017. The upswing in the United States, which has been ongoing for several years, is continuing, with an increase expected to be in the mid-single-digit range. In Canada, the recovery of the construction industry was much better than predicted after two weak years.
Keill confirmed continued differentiated development for Latin America. For instance, a renewed positive trend in Argentina is in contrast with a construction industry that is slowing once again in Brazil and Mexico. The head of Roto explained that after drastic losses, the economy in Russia is slowly recovering again. However, continued uncertainty can be felt, meaning that stabilization in residential construction remains fragile. In contrast, China’s construction sector is proving to be the mainstay of general economic growth there.
In Europe, the slight upwards trend is likely to pick up speed. For instance, the Euroconstruct research network is expecting an average construction growth of 3% for its 19 member countries. In addition, it is predicting a total turnover of around EUR 630 million (USD 743 million), which is 1% to 2% above the previous year’s level in a globa...
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