By Anil Taneja,
World, August 14, 2024
This is peak business season now in the northern hemisphere. But the business environment is unlike previous years- patchy, uncertainty, confusing, worrying. If so many companies are not working at full capacity now, when will they do so?
Brazil, August 14, 2024
In comparative terms , the export figures for the first 5 months were better than last year, Exports to USA are doing extremely well.
China, August 14, 2024
It is a tough situation for an overdimensioned Chinese stone industry in an age of lower construction activity and a weak international environment. Big government stimulus to real estate companies and other measures should help the industry to some extent but overall trend remains negative.
Far East, August 14, 2024
The slowdown in China is having its effects on the region. Indonesia, however, remains a growing though price sensitive market.
India, August 14, 2024
The construction industry is doing well but, surprisingly, local granite industry, especially in the south, is struggling. Low priced porcelain tiles are taking away market share from natural stone. Imported stone is increasing in volume.
Latin America, August 14, 2024
Demand remains stable in most countries. Mexican market is now a dynamic market.
Middle East and North Africa, August 14, 2024
Construction activity is dynamic in several energy rich countries of the Gulf region. But the postponement of several major projects in Saudi Arabia has been a big shock to the industry. Libya and Iraq have become good markets now.
New Central/East EU Countries, August 14, 2024
The Poles are more optimistic now. Other countries in the region remain stable.
U.S.A., August 14, 2024
With interest rates still high unaffordability is the key element behind less transactions of existing homes. This also means less renovation activity. New construction has not taken off, inflation being a drag. High shipping rates are another drag. Overall, though, the economy remains strong. The recent adverse judgement on the silicosis issue with big fines for some quartz companies will surely create a lot of uncertainty- we will know more on the consequences soon.
Western Europe, August 14, 2024
Business activity remains erratic, businessmen find it hard to predict how things will be in the months ahead.
