Thursday, October 27, 2011

Spain: Catalonia consumption falls 17.4% in Q3

Consumption in Spain's Catalonia region has fallen 17.4% in the third quarter of the year, as the industry there continues to suffer through its fourth year of declines, a report from La Vanguardia said.

Since October 2007, cement consumption has been declining - except for two quarters in a small way - and consequently also the production, despite the commitment to export.

The industry still has not seen improvement in the domestic market, noting that exports have a lower potential than in previous crises because of international competition has increased in recent years.

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