Construction Sector in Spain Recovers as Cement Consumption Rises
Published By : 20 May 2015 | Published By : QYRESEARCH
The association of Spanish cement producers has reported a rise in demand for cements in 2015, signalling that the cement sector of the Spanish economy is finally looking up. The cement industry in last couple of years was characterized by minimal levels of activity.
Oficemen, the Spanish association of cement producers, stated that the recovery of the cement sector can also be proved by taking a look at the latest unemployment data. Data reveals that the number of unemployed construction workers in Spain went down by 3.8 per cent in the month of April alone.
After a long series of increases in the consumption of cement during the first quarter of the present year, the numbers of last month were even more encouraging. The sales of cement went up 961,712 tons, which is a rise of 13.3 per cent compared to the same period last year. The cumulative total for the present year currently stands at just more than 3.5 million tons. This comes out to be 9.7 per cent more than the gross figure that had been attained after the first four months of 2014.
The Spanish cement sector still has a long road ahead before cement producers are certain that the worst is behind them. In 2008, which was the peak of the construction industry, demand for cement went up 57 million tons that year. However, in the years 2013 and 2014, the number came down to less than 11 million tons. Even though the numbers this year have so far been encouraging, it must be noted that over the first three months of this year, the amount of cement consumed by the construction industry is still just a sixth of the number during the same period in 2008.