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Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

In 2015 the Mexican construction industry is forecast to grow 4 %.

In 2015 we expect the construction sector in Germany to perform well and construction insolvencies to decrease by 3%, less than the 5% decrease forecast for business insolvencies in Germany overall.

After a modest growth of 0.5 % in 2014, the construction output in Brazil is expected to grow at more or less the same level in 2015.

A 9 % increase is forecast for the US construction sector in 2015; the vast majority of construction and design firm executives believe the market is stable or growing.

It is expected that construction output growth will continue in the UK in 2015 and also continue to broaden out beyond house building.

With poor demand, on-going pressure on prices and a high number of insolvencies, the construction sector in Belgium is going through difficult times.

Vietnam is extremely export-driven, specialising in textiles and footwear. The economy is shifting towards higher value added sectors such as electronics.

After 3.1% growth in 2014, Singapore’s economic growth is expected to accelerate to 3.4% in 2015, driven by investment; among other things, in its infrastructure.