European construction output continues to fall
Construction output fell by 1.7% in December in the Eurozone countries and by 2.7% across all 27 countries of the EU compared with November.
The figures are first estimates released by Eurostat, the statistical office of the European Union. In November 2012, monthly production had decreased by 0.4% and 0.6% respectively.
Compared with December 2011, production in December 2012 dropped by 4.8% in the 17 countries of the Euro area and by 8.5% in the EU27.
Compared with 2011, the average production index for 2012 decreased by 5.4% in the euro area and by 5.8% in the EU27.
Among the Member States with month comparison data available for December 2012, production in construction fell in six and rose in eight. The largest decreases were registered in Bulgaria (-10.3%), Poland (-10.1%) and Germany (-8.9%), and the highest increases in Slovenia (+7.2%), Hungary (+3.4%) and Sweden (+3.3%).
Building construction decreased by 1.6% in the £uro area and by 2.6% in the EU27, after -0.5% in both zones in November 2012. Civil engineering fell by 2.1% in the Euro area and by 2.3% in the EU27, after +1.4% and +0.6% respectively in the previous month.
In terms of the annual comparison, production in construction fell in 12 states with data available and rose in two. The largest decreases were registered in Poland (-23.7%), Portugal (-18.2%), Bulgaria (-15.1%) and the United Kingdom (-15.0%), and the increases in Sweden (+5.2%) and Spain (+4.5%). Building construction declined by 6.2% in the Euro area and by 8.3% in the EU27, after -4.8% and -5.7% respectively in November 2012. Civil engineering decreased by 2.9% in the Euro area and by 11.2% in the EU27, after -4.6% and -6.1% respectively in the previous month.
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This article was published on 20 Feb 2013 (last updated on 20 Feb 2013).