Economic Update March 2019
On a monthly basis, our economic update gives a brief overview of the ecomomic situation of the construction equipment and building material machinery industry, e.g. order income, turnover, business climate and trade figures.
European Construction Industry Forecasts Available
Did you know that we provide forecasts for the construction sector in European countries to you? Members can receive Euroconstruct data which are updated twice a year. This service is available for subscription by email.
European construction equipment market performs well in a global context
The European construction equipment sector saw sound growth of 10% in 2016. Building construction equipment experienced better demand than the civil engineering equipment sub-sectors. Overall, the market is at its highest level in five years, but still considerably below the pre-crisis record levels.


On May 16 the next meeting of the Latin America Steering Committee of the Construction Equipment and Plant Engineering Association will take place in Frankfurt. VDMA member companies exchange information on current developments and trends in the region and discuss the economic situation.
Two locations, two symposia, two companies - Hanoi and Saigon (Ho-Chi-Minh-City) were the places where our specialised departments "Plants for the Cement Industry" and "Processing Technology" presented their solutions for the cement- and mining industries.
In cooperation with the VDMA Brazil Office, the Construction Equipment and Plant Engineering Association held a technology symposium in the Argentine capital Buenos Aires on September 10, 2018.
Chinese construction equipment market posts brisk recovery in 2017 which is expected to last this year. Western manufacturers are also to profit from China’s Belt and Road Initiative. Introduction of China Stage IV exhaust emission levels are already casting a shadow.
German building material plant manufacturers in China need to lay the groundwork today to ensure that they can also compete in the market after 2020. After this date, Chinese industrial policy will bring about fundamental change, said China expert Björn Conrad, Sinolytics, at the VDMA Building Material Plants Day in Frankfurt on March 7. Well-prepared companies can profit from this trend. Here is a summary of his talk.
Upon invitation of Putzmeister Brazil and supported by the Brazilian VDMA office the Brazil Management Meeting of VDMA’s Construction Equipment and Building Material Machinery Association was held in Atibaia near Sao Paulo on 29 November.
Market developments for construction equipment and building material machines are favourable. Demonetarisation and the introduction of the Goods and Service Tax seem only to be only causing short-term dips. German manufacturers are optimistic at the VDMA India Management Meeting.
VDMA members attend China Management Meeting at Grammer in Tianjin. German construction equipment and building material machinery manufacturers are expecting substantial growth in their China business this year. However, growth is still fragile.

Market reports

The Japan Construction Report is provided by the VDMA team in Tokyo. It contains news of the construction, glass and ceramics industry of Japan and is published monthly in German. The most recent report can be downloaded from this website.
Recent market information from the Indian construction and construction equipment industry are summarized in the bi-monthly report made by the VDMA team in Kolkata. The latest issue may be downloaded from this website.
Im Auftrag des VDMA erstellt die Germany Trade and Invest (gtai) zwei Mal im Jahr Konjunkturberichte zur Bauwirtschaft für ausgewählte Märkte. Folgende Berichte liegen aktuell vor:
You may download the latest China Industry Report Construction Equipment and Plant Engineering, Q 4 2017 of our VDMA China office in Beijing. It highlights the Chinese construction equipment and building material machinery industry and its consumer industries.
Sebastian Popp
Sebastian Popp
Deputy Managing Director, Statistics, Economic Reports, International Markets, China, India
(+49 69) 66 03-16 78
(+49 69) 66 03-26 78