Data Center Exposure Is Saving Grace for Construction Firms

Construction and building materials companies in Europe dealing with a struggling housing market and weak industrial activity are pivoting to the one area that is booming right now: data centers.

Mentions of “data centers” in the earnings reports of construction and building materials firms this quarter have been hovering around record levels with the reporting season still in progress, a Bloomberg analysis shows. That’s highlighting how important this end market has become for companies dealing with subdued demand elsewhere.