Spanish construction activity leaps in March

[Anonymous]

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….

[angie]

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’ ❗

[angie]

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

[Anonymous]

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.

[Anonymous]

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

[Author]

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