European cement pricing exhibited divergent trends in July, with France leading gains while Germany and the United Kingdom underperformed, according to data analyzed by Jefferies.
France recorded the most significant monthly increase in July, with cement prices rising to a 4% year-over-year gain. Italy and Spain matched this performance, each posting 4% year-over-year gains, though Italy saw a modest monthly rise while Spain experienced a slight decline.
Germany’s cement prices fell on a monthly basis in July, reducing its annual gain to 1.2%. The United Kingdom remained the weakest market among the tracked regions, with prices improving slightly from June but still down 4% compared to July 2023.
The mixed trends follow stronger momentum in European cement pricing toward the end of the second quarter, as reported by Jefferies. Analysts noted that regional disparities in demand, supply constraints, and varying construction activity levels contributed to the uneven performance across markets.
