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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….
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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’ ❗
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As there are so many meanings of VPO mg, including ‘vivienda de proteccion oficial’, care to explain which one you mean there please? 😕
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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.
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Ain’t it mostly to complete “nearly” finished projects?
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