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News Spanish market holds worrying levels of uncertainty says Oficemen

Spanish market holds worrying levels of uncertainty says Oficemen

Written by Global Cement staff 22 November 2018
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Spain: Jesus Ortiz, the president of Oficemen, says that the local market has ‘worrying’ levels of uncertainty. His comments follow a reduction in cement consumption growth since 2017 and falling export markets. The Spanish cement associaton is concerned that growth has mainly been driven by residential construction. The Cement Demand Index (IDC) grew by 8.5% year-on-year in September 2018 but this was a slight decline month-on-month. From October 2017 to September 2018 an estimated 13Mt of cement was consumed, a rise of 1Mt from the previous year. However, exports have fallen conscutively over the last year and a half.

Last modified on 28 November 2018
Published in Global Cement News
Tagged under
  • Spain
  • Oficemen
  • data
  • Consumption
  • Export
  • GCW381

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