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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.
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
World Bank Keeps Philippines GDP Growth Forecast Unchanged
PHILIPPINES: The forecast report released by the World Bank predicts that the Philippine economy is expected to grow by 5.8% in 2024 and...
brg_news_room
Jun 5, 20241 min read
RAK Ceramics Plans to Begin Faucet Production in Bangladesh
Bangladesh: RAK Ceramics is set to begin faucet production in Bangladesh, with a new factory in Gazipur expected to start operations...
brg_news_room
Jun 3, 20241 min read
New Zealand Government Introduces Modest Tax Cuts and Spending Reductions Amid Economic Challenges
New Zealand: The New Zealand government detailed a lackluster economy, rising unemployment, and a worse balance sheet as it provided...
brg_news_room
May 30, 20241 min read
Brazil Revises Economic Projections in Response to Inflation and Natural Disasters
Brazil: Brazil: Brazil’s Finance Ministry has revised its economic growth projections for 2024 while adjusting inflation forecasts to...
brg_news_room
May 27, 20242 min read


UK Economy Expected to Recover and Strengthen in 2024
UK: The UK economy is on track for a gentle landing, with growth forecast to resume in 2024 and strengthen in 2025, according to the...
brg_news_room
May 23, 20241 min read
China's Housing Rescue to Fall Short of Solving Crisis: Analysts
China: The downturn in China's new house sales has intensified in recent months, as more households opt to purchase properties in the...
brg_news_room
May 21, 20241 min read
Indonesia Eases Import Restrictions on Air Conditioners and Electronics to Clear Port Backlogs
Indonesia: Indonesia has eased its import regulations for electronic products, footwear, and textiles to swiftly clear the backlog of...
brg_news_room
May 20, 20241 min read
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