Policy dynamics will be a significant driver of theconstruction sector in many economies, whether this is theChinese authorities acting to prop up property prices, thestate of flux in French politics, the extent of any monetarystimulus by the ECB, the timing of any interest rate hike inthe US and UK. And, the evolving situation in EasternUkraine and whether any economic fallout extends toEurope, the scope of IMF engagement; all of which will becrucial if the wrenching contraction in activity levels inUkraine and even Russia will be reversed any time soon.