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Tue March 19 2024

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European construction output dips

20 Jan 15 November’s construction output across Europe dipped slightly from October’s figures but was up on the previous year.

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Production was down by 0.1% in the Eurozone and by 0.2% for the 28 countries of the EU (EU28), according to initial estimates from Eurostat, the statistical office of the European Union.

In October, production in construction had grown by 1.1% and 0.5% respectively. In November 2014 compared with November 2013, production in construction grew by 2.2% in the Euro area and by 2.5% in the EU28.

In terms of the monthly comparison, the decrease of 0.1% in the Euro area in November is due to building construction falling by 0.2% and civil engineering by 0.1%. In the EU28,the decrease of 0.2% is due to building construction falling by 0.2% while civil engineering grew by 0.1%.

Among member states with data available, the largest decreases were observed in Italy (-4.5%), the United Kingdom (-2.0%), and the Czech Republic (-1.9%), and the highest increases in Romania (+5.8%), Poland (+2.5%), Sweden (+2.4%) and Spain (+2.2%).

For the annual comparison the increase of 2.2% in the Eurozone is due to building construction rising by 2.7%, while civil engineering fell by 0.5%. In the EU28, the increase of 2.5% comes from a rise in construction of 3.3%, while civil engineering fell by 0.5%.

The highest increases were registered in Spain (+15.9%), Sweden (+12.5%) and Hungary (+8.8%), and the largest decreases in Slovenia (-11.2%), Italy (-7.9%), Portugal (-5.7%) and Slovakia (-5.1%).

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MPU
MPU

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