The domestic epidemic situation has been repeated in the Beijing area, the prevention and control work has been tense again, and most of the overseas areas have improved. However, the recovery speed of each country/region is different, so how are they? Please refer to the relevant news of each country.
Note: The update date of this news starts on June 16, 2020 and ends on June 30, 2020. If you have any news clues, please submit to tg@jker.cn.
Global Construction Equipment Sales Forecast (June 15)
According to the revised forecast of market research and forecasting company Off-Highway Research, global construction equipment sales this year are expected to fall by 19% to 891,000 units from a peak of 1.1 million units in 2018-2019.
Foreign investment in EU transition economies will decline (June 16)
A new report from the United Nations (UN) predicts that foreign direct investment (FDI) in European transition economies will decline by about 38% in 2020.
The report highlighted the decline in the number of countries in South-Eastern Europe, the Commonwealth of Independent States (CIS) and Georgia.
The survey results show that the economies of these countries have been severely hit by the coronavirus crisis. At the same time, due to the reduction of new construction projects, the national economic situation has deteriorated further.
According to the report, following the decline in greenfield projects in 2019, it continued to fall by 44% in the first quarter of 2020. For these economies in transition, the decline in investor interest in the first quarter of 2020 is in stark contrast to 2019, when foreign direct investment increased by 59% to approximately 48.5 billion euros.
The economies in transition continued to decline after a 37% decline in foreign investment in 2019. The United Nations reported that this was due to the impact of the new coronary pneumonia epidemic and oil price cuts. It is predicted that this decline cannot be reversed by 2022.
James Zhan, director of investment and business at the United Nations Conference on Trade and Development, said: "This epidemic has spurred a recession in the transitional economy and directly affected foreign direct investment seeking markets."
Construction machinery output in the Middle East and North Africa continues to shrink (June 22)
Affected by the Covid-19 pandemic crisis and the volatile oil market, the Middle East and North Africa (MENA) region's construction industry output value will shrink by 2.2% this year, which is lower than the 1.4% contraction forecast previously.
"Despite the efforts of oil exporting countries to raise oil prices to compensate for the loss of income, the collapse of the tourism industry is likely to reduce the GDP of Egypt, Morocco and Tunisia by 3%," said Yasmine Ghozzi, an economist at data and analysis company GlobalData. Declining corporate income and government revenue will reduce planned investment in the coming quarters."
The impact of Covid-19's preventive measures on the company has severely hit the sales department. It is expected that there will be a slight rebound in demand when the construction activity is reopened in the third quarter. The prevention and control may also cause long-term changes in consumer behavior and affect the future of the industry. investment.
U.S. commercial buildings are ready (June 24)
A new survey conducted by the American Chamber of Commerce shows that commercial buildings are in a favorable position in the recovery of the epidemic, and 83% of engineering contractors expect income to increase or remain unchanged by 2021.
Despite the shutdown, 60% of the contractors have at least six months of backlog of engineering projects.
In the second quarter of 2020, the USG Corporation and the American Chamber of Commerce Commercial Building Index showed that during the epidemic period, the confidence and prospects of contractors in their industry declined, and the results show that 16% of contractors have a high degree of market opportunities in the next year Confidence, the number of people who expect their income to decline in the next year has soared from 2% in the first quarter to the current 21%.
"No industry is immune to the huge impact of Covid-19," said Neil Bradley, executive vice president and chief policy officer of the American Chamber of Commerce. "However, the commercial construction industry seems to be recovering rapidly and recovering growth. For hundreds of economies and industries For 10,000 Americans, this is good news. Congress can help by continuing to support the economy."
Ken Simonson, chief economist of the United General Contractor (AGC), recently reported that despite the negative impact of the current crisis, there may still be growth in some construction areas, including telecommunications and power distribution. However, for the rest of the industry, the recovery is relatively slow.
According to AGC analysis of government data, employment in the US construction machinery industry rebounded by 464,000 jobs in May. The total number is still 596,000 lower than the latest peak in February. The unemployment rate of the industry is 12.7%, which is 5 since 2012. The highest level since the month.
The index shows that delays in construction projects have had a significant impact on the industry. 87% of contractors said they delayed their work due to the outbreak of coronavirus. In addition, 87% of people expect the delay to continue into summer, and 73% of people expect the delay to continue into autumn.
US construction machinery industry calls for government infrastructure investment (June 26)
According to a survey by the Equipment Manufacturers Association (AEM), although equipment manufacturers are adapting to changing economic conditions, more than three-quarters of U.S. equipment manufacturers say that Covid-19’s impact on the overall economy is still very negative. Most people have called on the government to invest in infrastructure to reduce this impact.
80% of the respondents said that they hope to invest heavily in infrastructure to help equipment manufacturers maintain business development during the crisis and lay the foundation for economic recovery.
Democrats recently proposed an infrastructure bill, and there are reports that Trump has been preparing his own bill.
In addition, 60% of corporate executives said that the federal government has not done enough to support the construction machinery industry due to the government's declining demand and supply chain disruptions.
AEM President Dennis Slater said: "The Covid-19 pandemic continues to have a negative impact on 2.8 million people in equipment manufacturers and industries." "We have seen some member companies' operations and financial prospects improve, but the industry still needs to be very It will take a long time to return to normal."
In response to the Covid-19 epidemic in the United States, equipment manufacturers, suppliers and distributors have basically remained open and continue to provide the necessary equipment to maintain national development and lead the recovery and renewal of the US economy. However, many equipment manufacturers are still working hard to keep workers working, and 80% of managers say they will not be able to re-employ workers who were laid off earlier this year.
The survey also showed that 36% of the respondents took half of their employees on vacation, and almost 10% of respondents said they took at least half of their employees on vacation. About 20% of the respondents said that they had fired up to 10% of their employees.
Slater added: “While equipment manufacturers are adapting to the new normal and reopening all of their facilities, which is very encouraging, the impact of this unprecedented crisis is far from over and will continue for a long time. Equipment The manufacturer has not yet received the support of the federal government, so it must take immediate and positive measures to support our industry."
It is reported that the survey was conducted from May 28 to June 15, 2020, and 102 industry insiders were interviewed.
Britain's "Return to Health" (June 30)
British Prime Minister Boris Johnson has developed a multi-billion euro recovery plan for the UK, of which nearly 830 million euros are used for school and maintenance upgrades, and another 1.1 billion euros are used for the construction of 50 new school buildings next year project.
Education spending will continue to implement a ten-year plan that will be part of the government plan to lay the foundation for reducing the economic recession caused by the coronavirus crisis.
The plan also increased 110 billion euros in reserves for infrastructure spending under the auspices of the government’s new Project Speed task force.
Johnson said in a tweet: "We want to recover as soon as possible, so we need a very committed and dynamic plan. Not only for infrastructure and investment, but also to ensure that young people have the confidence they need, we will help them Entering the workplace, improving professional skills and obtaining high salaries, high-skilled jobs will benefit them in the long run."
At the time of the statement, the British debt exceeded 2.1 trillion euros, exceeding the country's economic scale.
Rob Oliver, CEO of the Construction Equipment Association, said: "Infrastructure investment is gradually increasing. Starting the construction machinery department will avoid layoffs and provide us with better development. He added: "Of course, adopt the latest Technology does require new investment from factory leasing companies and contractors. Like most companies, because the epidemic has negatively influenced them, we need the Ministry of Finance to work hard to make customers more confidently update their factories and equipment. This can be achieved by reducing the capital expenditure tax.
