Sign on growth

The world economy is recovering, according to latest expert estimations. The US economy grew by 3.1% during the last quarter of 2012. Optimistic forecasts range at around 3% for the whole of 2013 as well. In China, industrial production in the fourth quarter of 2012 surprised us with a growth of 10.1%. For 2013, experts expect growth of between 7 and 8%. And in Europe, at least a partial reversal of the previous trend is evident. The budget deficit for the entire European Union is expected to decrease from around 3% in 2012 to around 2.5 % in 2013.

Since government and private economy worldwide are now hesitating to invest in public and commercial building, housing construction remains the growth engine for the construction industry. The marketplace where buyers will inform themselves on machinery and plant systems for the expected growth will be bauma in the German city of Munich. At the last bauma three years ago, 3,256 exhibitors from 53 countries and more than 420,000 visitors came to the world’s largest trade fair for the construction machinery sector. The organizer, Messe München, expects a similar crowd this year.

The suppliers of solutions for precast concrete construction are highly likely to be of special interest to fairgoers. The German Engineering Association – Verband Deutscher Maschinen- und Anlagenbau (VDMA) – likewise predicts a growth in sales of 5% for the entire year of 2013 for the segment of concrete block machines and concrete products machinery as well.