NEWS
Pessimism prevails despite another quarter of growth
A
ccording to the Construction Product Association’s latest State of Trade Survey, there was continued growth in sales of construction products in the second quarter of 2016.
Sales increased for a thirteenth consecutive quarter. However, manufacturers displayed a growing pessimism about prospects for the coming year ahead, even though 75% of responses were received prior to the EU referendum. CPA senior economist, Rebecca Larkin, said: “Construction product manufacturers’ sales growth strengthened in Q2, suggesting that construction activity remained resilient against a backdrop of growing uncertainty in the run-up to the EU referendum at the end of the quarter.” She continued: “Compared to the first quarter of 2016, a balance of 52% of heavy side firms reported a rise in sales in Q2. This was the highest balance in a year and increased from 31% in Q1. On the light side, 38% of firms reported a rise in quarterly sales in Q2, up from 13% in Q1.
“However, pessimism prevailed in manufacturers’ views for the months ahead, even with the majority of responses coming in before the existing economic uncertainty intensified following the referendum result.
“For heavy side manufacturers, sentiment was the lowest in three years and 13% of those firms anticipated a fall in sales in Q3.
“Among manufacturing firms on the light side, forward-looking sales expectations were the weakest since the financial crisis, with a downturn anticipated for the first time in six years.”
Ms Larkin added: “Sterling depreciated 8.4% against the Euro in Q2 compared to a year earlier, which may be one favourable side effect linked to the economic uncertainty pre- and post- referendum for product manufacturers that export to Europe.
“The majority (60%) of firms on both the heavy and light side anticipate an increase in overseas sales over the coming year.”
HMS acquires Intesis
S
weden-based HMS Industrial Networks AB – a world-leading provider of communication technology for industrial automation – has acquired Intesis Software SL.
Intesis, based in Spain, offers advanced communication gateway solutions and interfaces within the fields of home and building automation. Representing the vast majority of sales, the company’s building automation solution is marketed as IntesisBox.
Intesis works closely with many major manufacturers of building automation systems and air conditioning globally.
Intesis will maintain its current headquarters in Igualada and will continue to offer the best products to the market for Home and Building Automation under its brands IntesisBox, IntesisHome and Houseinhand, but from now on with the support, expertise, and global resources of HMS.
Intesis’ current chief executive Mr. Cerón will continue to serve the company as general manager.
Daikin Applied
www.acr-news.com August 2016 11
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64
