
Industry - Monthly Industry Briefings - Industrial & building materials
Description
Industry - Monthly Industry Briefings - Industrial & building materials
Eurozone industrial and building materials experienced mixed performance across the four key sub-sectors at the turn of the year. The wood & wood products and non-metallic mineral sectors recovered with 3.8% and 2.5% growth on the month of January, driven by 8.1% and 9.3% growth in the respective German sectors. However, following continued supply pressures in the automotive sector, the rubber & plastics disappointed with a 0.5% contraction. Rising energy and gas prices are expected to dampen the sector going into the 2022 Q2.
Eurozone industrial and building materials experienced mixed performance across the four key sub-sectors at the turn of the year. The wood & wood products and non-metallic mineral sectors recovered with 3.8% and 2.5% growth on the month of January, driven by 8.1% and 9.3% growth in the respective German sectors. However, following continued supply pressures in the automotive sector, the rubber & plastics disappointed with a 0.5% contraction. Rising energy and gas prices are expected to dampen the sector going into the 2022 Q2.
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