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Latest News from BRG and the Global Building Products Industry
Stay informed regarding BRG's latest publications and industry news covering the markets for HVAC equipment, components & controls, bathroom & kitchen products, plumbing, pipes, valves & fittings and thermal insulation.


EU Economy Grows 0.3% in Q1, Exiting Recession
Europe: The eurozone economy grew by 0.3% in the first quarter of 2024, marking its exit from a technical recession following two...
brg_news_room
Aug 25, 20241 min read

Japan's core inflation picks up, but demand-driven growth below 2%
Japan: Japan's core inflation increased for the third consecutive month in July, with the nationwide core consumer price index (CPI)...
brg_news_room
Aug 22, 20241 min read

UK Economy Exits Recession with 0.6% Growth in Early 2024
UK: The UK economy emerged from recession with a stronger-than-expected 0.6% growth in the first quarter of 2024, according to the Office...
brg_news_room
Aug 20, 20241 min read


Construction Costs Surge, Pushing Property Prices to Record Highs in Australia
Australia: The rapid rise in construction costs in Australia, which appeared to be slowing, has surged again, driving property prices to...
brg_news_room
Aug 12, 20241 min read

Indonesia’s Economic Growth Stays Strong Despite Global Challenges, Says IMF
Indonesia: The International Monetary Fund (IMF) has commended Indonesia's robust economic growth despite global uncertainties, as...
brg_news_room
Aug 11, 20241 min read


Bank of Japan Hikes Interest Rates to 15-Year High, Plans to Scale Back Bond Purchases
Japan: The Bank of Japan raised interest rates to levels unseen in 15 years and revealed a detailed plan to slow its massive bond-buying...
brg_news_room
Aug 8, 20241 min read

Malaysia Signs Deal with Singapore for Special Economic Zone
Malaysia: Malaysia announced it is close to finalizing a deal with Singapore to develop Southeast Asia’s first cross-border special...
brg_news_room
Aug 8, 20241 min read

Vietnamese Economy Rapidly Recovers Due to Decisive Actions
Vietnam: Vietnam's economy rebounded rapidly in the first half of 2024 following a challenging period at the end of 2022 and early 2023,...
brg_news_room
Aug 8, 20241 min read


China’s Export Growth Falls Short of Expectations
China: China’s export growth in dollar terms fell short of expectations last month, signaling potential risks to policymakers who heavily...
brg_news_room
Aug 8, 20241 min read


US Economy Soars in Q2 with Easing Inflation
US: The US economy grew at an annualized pace of 2.8% in the second quarter, surpassing the 2% growth expected by economists. This is a...
brg_news_room
Jul 25, 20241 min read

Nigeria's Inflation Climbs to 34.19% in June 2024
Nigeria: Nigeria’s inflation rate surged to 34.19% in June 2024 from 33.95% in May, according to the National Bureau of Statistics. This...
brg_news_room
Jul 25, 20241 min read

China Faces Manufacturing Overcapacity Challenges: IMF
China: The International Monetary Fund (IMF) has raised concerns about overcapacity in manufacturing sector in China, despite a generally...
brg_news_room
Jul 16, 20241 min read


Consumer Confidence Index in Indonesia Continues to Decline in June
Jakarta: Bank Indonesia revealed on Monday that while consumers remain generally upbeat about Indonesia's economic conditions, confidence...
brg_news_room
Jul 9, 20241 min read

Bangladesh Ceramic Sector Struggles Amid Gas Shortages and Rising Costs
Bangladesh: The ceramic industry in Bangladesh is facing severe challenges due to a critical shortage and price hike of natural gas,...
brg_news_room
Jul 9, 20241 min read


IMF Forecasts 6% Growth for Vietnam in 2024
Vietnam: The International Monetary Fund (IMF) forecasts Vietnam's economy to expand by nearly 6% in 2024, supported by a recovering...
ravi_sharma
Jun 27, 20241 min read


World Bank Highlights Indonesia's Strong Economic Framework and Growth Prospects
Indonesia: Indonesia's economy is projected to remain resilient due to the government's strong macro-economic policy framework which is...
shivansh_tiwari
Jun 26, 20241 min read

World Bank Maintains Romania's GDP Growth Forecast at 3.3% for 2024
Romania: The World Bank projects Romania's gross domestic product (GDP) to grow by 3.3% in 2024, maintaining its April projection....
brg_news_room
Jun 14, 20241 min read

IMF Lowers Growth Forecast for the Philippines Amid Weak Consumption and Investment
Philippines: The International Monetary Fund (IMF) has revised its growth forecast for the Philippines, citing weaker-than-expected...
brg_news_room
Jun 12, 20241 min read

Thailand Targets Economic Growth with Tourism and Investment
Thailand: Thailand aims for at least 3% economic growth in 2024, seeking to attract 36.7 million tourists and boost public and private...
brg_news_room
Jun 11, 20241 min read

Air Conditioner Prices Expected to Rise in Bangladesh
Bangladesh: The government has proposed a 7.5% value-added tax (VAT) on air conditioners for the next fiscal year's budget, a significant...
brg_news_room
Jun 7, 20241 min read
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