Spanish construction activity leaps in March

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This topic contains 4 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 6 months ago.

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  • #57498
    Profile photo of Anonymous
    Anonymous
    Participant

    Spanish construction activity rose 16.6pc YOY in March according to figures from Eurostat – the EU stats office. Spain had the biggest increase in activity of all EU countries for the first time in ages, albeit from a low base (I guess) 😕 Construction activity as a whole fell 7.2pc across the EU.

    What the press reports don’t reveal is what lies behind this sudden spurt in Spanish construction….

  • #116989
    Profile photo of angie
    angie
    Spectator

    What the press reports don’t reveal is what lies behind this sudden spurt in Spanish construction bankruptcies ‘either’ 🙄

    The two reports are somewhat at odds with each other! 😕

    http://www.presstv.ir/detail/2013/05/08/302533 … y-20-in-q1

    The sector is followed by ‘the commercial and industrial sectors’ ❗

  • #116990
    Profile photo of angie
    angie
    Spectator

    As there are so many meanings of VPO mg, including ‘vivienda de proteccion oficial’, care to explain which one you mean there please? 😕

  • #116991
    Profile photo of Anonymous
    Anonymous
    Participant

    I doubt it’s VPO. Government doesn’t have any money to finance it.

    I also read that the 6 biggest builders in Spain have a combined debt of 41 billion Euros. I can’t imagine they will all survive much longer, unless they have a sugar daddy in the form of a bank to keep them alive.

  • #116995
    Profile photo of Anonymous
    Anonymous
    Participant

    Ain’t it mostly to complete “nearly” finished projects?

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