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World Glass and Glazing Activity Making Positive Turnaround,China Insulating Glass Machine,Double Glazing Equipment

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World Glass and Glazing Activity Making Positive Turnaround,China Insulating Glass Machine,Double Glazing Equipment
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World Glass and Glazing Activity Making Positive Turnaround,China Insulating Glass Machine,Double Glazing Equipment

World Glass and Glazing Activity Making Positive Turnaround,China Insulating Glass Machine,Double Glazing Equipment

The value of architectural glass-related spending in nonresidential construction edged up in October. Spending increased by close to a half-percent year-over-year on a seasonally adjusted annualized basis, according to Key Media & Research (KMR), a leading information provider to the glass industry.

KMR’s glass and glazing activity figures are developed from construction spending data, with proprietary weighting and models applied to industry-relevant subsectors. “Spending” and “activity” are used interchangeably and represent the value of ongoing glass-relevant construction during a particular period.

World Glass and Glazing Activity Making Positive Turnaround,China Insulating Glass Machine,Double Glazing Equipment

Commercial glazing activity strengthened in October, increasing 2.4% compared to the same month a year ago. While the lodging category continues to decline at a significant rate of nearly 34%, office construction ticked up by over 1% and the “other” commercial subcategory was up by well over 11%.

While the commercial side of glass and glazing spending has begun to turn around, the institutional segment is still moderating, as it declined by 1.9% from October 2020 to October 2021. Activity in healthcare building increased by over 5%, while education-related construction was down over 3%.

Overall nonresidential glass and glazing activity saw a 0.6% increase on a month-to-month basis.

 

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Pub Time : 2021-12-09 14:45:01 >> News list
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