Amid political uncertainty, Romanian government approves 2025 budget plan
On 18 February 2025, the Romanian Parliament approved the 2025 budget, which was supposed to be adopted at the end…
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Modi set for third term as PM, construction being main pillar for economic development
On 4 June 2024, the Election Commission of India announced the results of the Lok Sabha, India’s lower house of…
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Weakness in Israel’s construction industry to continue in 2024, amid the ongoing war
Israel’s construction industry has been severely impacted since the start of the ‘Swords of Iron’ war in early October 2023,…
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Bangladesh’s ADP spending falls to 14-year low in first eight months of FY2023-2024
Bangladesh’s Annual Development Programme (ADP) experienced a significant setback in the first eight months of the current fiscal year (FY),…
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Construction slows down in the Nordic countries amid decline in building permits
The construction industry in the Nordic countries (Denmark, Sweden, Finland and Norway) suffered from multiple headwinds owing to high interest…
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Thailand’s FY 2024 budget to be ready by early April 2024
In January 2024, Thai Prime Minister Srettha Thavisin announced that the cabinet had approved his government's Fiscal Year (FY) 2024…
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UK construction industry remained resilient in 2023, yet risks persist
Despite the challenging macroeconomic environment, the UK construction industry is estimated to have grown by 2.2% in 2023, aided by…
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India’s major project pipeline continues to delay in December 2023
According to the Infrastructure and Project Monitoring Division of the Ministry of Statistics and Programme Implementation, as of 1 January…
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Falling building permits and rising construction costs to further impact Canada’s construction industry in 2024
The construction industry in Canada is estimated to have shrunk by 1.7% in real terms in 2023, owing to a…
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Residential weakness and fewer permits to hit German construction industry in 2024
GlobalData expects Germany's construction industry to contract by 4.7% in real terms in 2024, as construction spending continues to weaken…