Fall for UK and rise for Sweden in latest European construction stats
The latest figures from the EU’s statistical office see the UK amongst the losers while Sweden comes out on top.
Output in May was 2.3% down on April in the UK, while Sweden saw the highest month growth, at 3.4%. Sweden also topped the annual comparison between May 2016 and May 2015, with an increase of 14.4%.
Comparision of the figures for May and April show output in construction down by 0.5% in the Eurozone and down by 0.7% across all 28 countries of the EU (EU28), according to first estimates from Eurostat. In April 2016, production in construction had fallen by 0.3% in the euro area, while it grew by 0.6% in the EU28.
Across the year from May 2015 to May 2016, production in construction fell by 0.8% in the Eurozone and by 1.1% in the EU28.
The month-on-month decrease of 0.5% in in the Euro area in May 2016 compared with April 2016 was due to civil engineering falling by 1.9% and building construction by 0.3%. In the EU28, the decrease of 0.7% is due to civil engineering falling by 1.9% and building construction by 0.5%.
Among member states with available data, the largest decreases in production in construction were recorded in Italy (-3.6%), Romania (-3.0%) and the United Kingdom (-2.3%), and the highest increases in Sweden (+3.4%), the Czech Republic (+2.8%) and Slovenia (+2.6%).
In terms of the annual comparison, the largest decreases were recorded in Hungary (-26.6%), Slovenia (-21.2%) and Poland (-13.8%), while increases were observed in Sweden (+14.4%), Romania (+7.5%), Spain (+3.1%) and the Netherlands (+2.1%).
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This article was published on 20 Jul 2016 (last updated on 20 Jul 2016).