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In March 2024, the building materials industry prosperity index rebounded
1 week ago
Source:SoNewsCn

Recently, the China Building Materials Federation released the building materials industry prosperity index of 128.2 points in March, rebounding to the boom range. Among them, the building materials industry price index was 100.0 points, the same as the previous month, and the building materials industry production index was 128.3 points, up 48.5 points from the previous month.

On the demand side, the building materials investment demand index, industrial consumption index, and international trade index are all higher than the critical point and rebound to the boom range. Among them, the building materials investment demand index was 129.7 points, up 50.6 points from the previous month, and the construction market gradually started; the industrial consumption index of building materials products was 122.8 points, up 40.3 points from the previous month, and the demand for manufacturing related to building materials products recovered steadily; the building materials international trade index was 141.8 points, up 73.3 points from the previous month.

Industry insiders said that January and February were the "off-season" for the building materials market, and the building materials industry prosperity index fluctuated below the critical point, and fell slightly in February due to the Spring Festival holiday. In March, with the change of seasonal factors such as climate and holidays, the downstream construction industry and manufacturing market gradually started, building materials enterprises accelerated the resumption of production, and the prosperity index of the building materials industry rebounded to the boom range.

China Building Materials Federation said that at this stage, the building materials market changes show structural differences. With the introduction of steady growth policies such as the issuance of trillions of national bonds in key areas and the construction of key projects in 2023, after the Spring Festival, construction projects will be launched in many places, and the demand for construction market will gradually start, but the start speed is not as fast as the same period last year, and it is still dominated by stock projects, from January to February, infrastructure investment increased by 6.3% year-on-year, 2.5 percentage points lower than the same period last year; The production of household appliances and other products resumed in an orderly manner, but the output of major products turned from rapid growth to steady growth, and the demand for related building materials products declined.

However, it is worth mentioning that the end consumer market of building materials is relatively active, and from January to February, the sales of construction and decoration materials above designated size increased by 2.1% year-on-year, and since the continuous decline in 2021, it has achieved growth again, effectively stabilizing the expectations of the consumer market. In March, in the building materials sub-industry, cement, bricks and building blocks, thermal insulation materials, building stones, fiber reinforced composite materials, building sanitary ceramics, non-metallic mineral mining and dressing industry and other seven industry product prices rose month-on-month; (Reporter Liang Qian reports from Beijing)