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Mon May 20 2019

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European construction drops 6%

20 Jun 13 Construction across the EU fell by 5.9% in the year to April and by 6.6% in the Eurozone according to the initial estimates from Eurostat, the statistical office of the European Union,

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The monthly figures saw a slight rise compared to March 2013, but figures had fallen in March. Construction across the EU grew by 0.9% in April compared with March and the Eurozone saw a 2% rise. In March 2013, production had declined by 1.8% in the Euro area and by 1.3% across all 27 countries of the EU (EU27).

In terms of the monthly comparison, production in construction rose in eight and fell in seven of the member states with data available for April. The highest increases were registered in Germany (+6.7%), Portugal (+5.9%) and Italy (+5.5%), and the largest decreases in Poland (-5.2%), Romania (-3.7%) and Spain (-3.1%). Building construction increased by 1.1% in the Euro area and by 0.7% in the EU27, after -1.2% and -0.9% respectively in March 2013. Civil engineering rose by 3.9% in the Eurozone and by 0.8% in the EU27, after -3.9% and -2.2% respectively in the previous month.

The annual comparison saw production in construction fall in 12 and rise in three. The largest decreases were registered in Poland (-25.1%), Portugal (-24.4%), Slovenia (-19.3%) and Spain (-15.3%), and the increases in Hungary (+9.8%), Bulgaria (+3.9%) and Sweden (+2.5%). Building construction decreased by 6.1% in the Euro area and by 5.2% in the EU27, after -6.6% in both zones in March 2013. Civil engineering fell by 8.1% in the Eurozone and by 8.3% in the EU27, after -10.7% and -7.9% respectively in the previous month.

MPU

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