Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sun August 20 2017

Related Information
Related Information
Related Information

News » International » European construction activity drops » published 21 Jul 2017

European construction activity drops

Construction output across the 28 countries of the European Union (EU28) dropped by 1.1% in May compared to April, though grew compared to the previous year.

click to enlarge Above: click to enlarge

The drop was slightly less - 0.7% - in the euro area, according to the initial estimates from Eurostat, the statistical office of the European Union.

In April 2017, production in construction had grown by 0.3% in the euro area and by 0.2% in the EU28.

Comparison of the May 2017 figures with May 2016 shows an increase of 2.6% in the euro area and of 2.5% in the EU28.

In terms of the monthly comparison, the decrease of 0.7% in the euro area is due to civil engineering falling by 0.9% and building construction by 0.6%. In the EU28, the decrease of 1.1% was due to both building construction and civil engineering falling by 1.1%.

Among member states with available data, the largest decreases were recorded in Slovenia (-10.6%), Sweden (-7.1%) and Slovakia (-4.9%), and the highest increases in Hungary (+7.6%), Bulgaria (+3.6%) and Italy (+2.7%).

For the annual comparison, the 2.6% increase in the euro area is due to civil engineering rising by 2.8% and building construction by 2.5%. The EU28’s increase of 2.5% is due to building construction rising by 2.9% and civil engineering by 1.6%. The highest increases were recorded in Hungary (+35.3%) and Bulgaria (+11.9%). Decreases were observed in Romania (-16.7%), Spain (-5.6%) and Slovakia (-2.1%).

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 21 Jul 2017 (last updated on 21 Jul 2017).

More News Channels