To offset the construction slowdown, the group has diversified--with mixed results--into satellite communications, financial services, industrial and power projects and petroleum, chemicals and mining.
This was partly offset by slowdown in construction equipment sales in China.
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Hispanics, including undocumented immigrants, tend to do blue-collar jobs, and have been deterred in recent years by a slowdown in construction, as well as tighter border security.
Hit by the sharp slowdown in the construction business, Sacyr relies on Repsol's dividends to service its debt.
We expect a further slowdown in home construction, existing home sales, and home price gains, but without a pronounced impact on GDP growth or consumption.
Real-estate consultancy Soufun forecasts a growth rate of 6%-7% in new property under construction in 2012, a sharp slowdown from 20.5% in the first 11 months of 2011.
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The company is seeing a slowdown in consumer electronics, and housing and construction markets remain weak.
Optimists also point out that any American slowdown would presumably be felt most in the construction industry, a sector to which Japanese exports are not heavily exposed.
In Australia the slowdown in housing did make a big dent in construction and consumer spending but this was masked by the commodity boom and exports to China.
Having created so much construction work, though, they have been hit especially hard by the slowdown.
The talks fizzled out after Netanyahu refused to extend the slowdown, which halted new housing starts but allowed previously started construction to continue.
The revisions offset each other, continuing the recent pattern in which the slowdown in housing is being offset by the pickup in nonresidential construction.
On January 1, 2010, the world construction market already had gone through at least 1.3 years of slowdown after the September 15, 2008 failure of Lehman Brothers.
First, the economic slowdown in the U.S. hurt the industries where Hispanic immigrants traditionally worked like construction.
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