construction industry News

South Korea's Economic Growth Slows to 0.8%: KDI Forecasts a Challenging Year Ahead

The Korea Development Institute (KDI) has revised South Korea's GDP growth forecast down to 0.8% for the year, citing a construction slump and poor trade conditions. This would be ...

Caterpillar Reports a 10% Drop in Q1 Sales to $14.2B Amid Construction and Resources Sector Challenges

Caterpillar Inc. faces a 10% sales drop in Q1 2025, with $14.2B in revenues, attributed to construction and resources sectors' declines. Profits fell by 28%, yet the company alloca...

Germany's Industrial Output Takes a Hit: February Sees a 1.3% Drop Across Key Sectors

Germany's industrial output declined by 1.3% in February, with significant drops in construction, food industry, and energy production. The sector faces a challenging period, with ...

Swiss Economy Sees Uplifting Start to 2025 with KOF Barometer Rise

Switzerland's economic outlook improved in January 2025, with the KOF Economic Barometer rising to 101.6 points. Key sectors like manufacturing and hospitality drove the growth, de...