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Mon June 14 2021

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European construction drops 7.2%

20 May 13 Europe’s construction output in March was 7.2% lower than the same month last year.

The initial estimates by Eurostat, the statistical office of the European Union, found that production was 7.2% down on March 2012 across all 27 European countries (EU27) and fell by 7.9% in the 17 countries of the Euro area.

Construction output across Europe fell by 1.1% in March from the previous month and there was a fall of 1.7% in the Eurozone. In February 2013, production has declined by 0.3% in the Euro area and remained stable in the EU27.

Among the member states with available for March 2013, production in construction fell in ten and rose in four. The largest decreases were registered in Portugal (-10.7%), the Czech Republic (-7.6%) and Slovakia (-5.0%), and the highest increases in Romania (+2.8%) and Spain (+2.4%).

Building construction decreased by 1.4% in the Euro area and by 0.9% in the EU27, after -0.3% and +0.2% respectively in February 2013. Civil engineering fell by 2.4% in the Euro area and by 1.2% in the EU27, after +0.2% and -0.1% respectively in the previous month.

In terms of the annual comparison, production fell in ten and rose in four. The largest decreases were registered in Slovenia (-31.8%), the Czech Republic (-19.0%), Poland (-6.9%) and Portugal (-16.7%), and the highest increases in Spain (+16.6%) and Hungary (+9.9%).

Building construction decreased by 7.1% in the Euro area and by 6.8% in the EU27, after +1.3% and -0.8% respectively in February 2013. Civil engineering fell by 11.3% in the Euro area and by 8.0% in the EU27, after +2.8% and +0.3% respectively in the previous month.

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