Venezuela Infrastructure Report 2016 - Business Monitor International - Industry Reports

Venezuela Infrastructure Report 2016

Venezuela Infrastructure Report 2016 - Business Monitor International - Industry Reports
Venezuela Infrastructure Report 2016
Published Jan 02, 2016
57 pages — Published Jan 02, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We expect Venezuela s construction industry to contract by -.- and -.- in real terms in ---- and ---- respectively, continuing its downward trend after already steep contractions in ---- and ----. Low oil prices will continue to hurt the government s fiscal position and thus its capacity for large capital expenditures to support the sector. ...Low oil prices will continue to hurt the government s fiscal position and thus its capacity for large capital expenditures to support the sector. The nationalisation drives of previous years and other policies of Nicolas Maduro s Partido Socialista Unido de Venezuela (PSUV) continue to take their toll on the construction industry, degrading the business environment and driving off foreign investment Shortages - and sharply rising costs for what is available - of cement, steel, and other building materials will continue to plague the industry. Publicly funded residential construction, a key driver of growth in recent years, is falling short of government targets. The landmark victory of the opposition coalition, Mesa de la Unidad Democratica (MUD) will serve as a strong mandate for reform, presenting the potential for a gradual change in policy direction and business environment. However, divisions within the coalition and the executive will prevent rapid reform implementation.

...We expect the Venezuelan construction industry s recession to continue until ---- - contracting by -.- and -.- respectively in ---- and ---- - as low oil, a poor business environment, and spiralling costs all continue to weigh heavily on the industry. A deteriorating fiscal position will limit the Venezuelan government s ability to invest into infrastructure assets while high risks and bleak prospects for profit will deter private, especially foreign, investment. ...We expect the Venezuelan construction industry s recession to continue until ---- - contracting by -.- and -.- respectively in ---- and ---- - as low oil, a poor business environment, and spiralling costs all continue to weigh heavily on the industry. A deteriorating fiscal position will limit the Venezuelan government s ability to invest into infrastructure assets while high risks and bleak prospects for profit will deter private, especially foreign, investment. The nationalisation of Venezuela s key building material industries - cement, steel, etc - will continue to drive up prices and weigh on construction growth as output remains well below capacity. ...The nationalisation of Venezuela s key building material industries - cement, steel, etc - will continue to drive up prices and weigh on construction growth as output remains well below capacity.

...Unemployment is increasing, and construction is among the most severely affected sectors. Performance of the construction sector is strongly correlated with oil revenues and is thus prone to sharp fluctuations. ...

  
Source:
Document ID
1750-5585
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Venezuela Infrastructure Report 2016" Jan 02, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Infrastructure-Report-2016-2026-639>
  
APA:
Business Monitor International - Industry Reports. (2016). Venezuela Infrastructure Report 2016 Jan 02, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Infrastructure-Report-2016-2026-639>
  
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