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Wed April 17 2024

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Germany and France suffer most in European construction decline

21 Apr 15 Construction output in the Eurozone fell by 1.8% in February compared to January and by 1.2% across the 28 countries of the wider EU (EU28).

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The figures from Eurostat, the statistical office of the European Union, also show a year-on-year fall of 3.7% in the Eurozone and 2.4% in the EU28. In the Eurozone, there was a 4% fall in building construction and a fall of 2.7% in civil engineering. In the EU28, the 2.4% decrease is due to building construction falling by 2.7% and civil engineering by 0.5%.

Among the member states with data available, the largest decreases were registered in Germany (-8.1%), France (-7.9%) and Portugal (-4.5%), and the highest increases in Romania (+19.5%), Sweden (+9.4%), and the Czech Republic (+6.2%).

In terms of the monthly comparison, the 1.8% decrease in the Euro area was due to building construction falling by 1.6% and civil engineering by 2.6%. In the EU28, the decrease of 1.2% came from a 1.1% fall in building construction and 1.6% in civil engineering. Among member states with data available, the largest decreases were in Germany (-3.1%), France and Portugal (both -2.2%), and the highest increases were in Romania (+5.3%), Poland (+3.8%), and Hungary (+3.2%).

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