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Ceturtdiena 18.01.2018 | Name days: Antis, Antons

Construction output in the EU down 8.4%

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Construction output in the European Union (EU) in May this year, compared with January last year, fell by 8.4%, according to EU statistics of Eurostat.

Construction output in Eurozone countries dropped by 6.9% during the year.

According to the information available on all member states, construction output decreased in 12 countries, and increased in three.

The largest decline was noted in Italy and Spain – 24.8%; Slovenia – 23.7% and Portugal – 16.4%.

The largest increase was noted in Romania – 21.1%; Poland – 6.5% and Germany – 2.2%.

Meanwhile, compared with the previous month, the volume of construction in the Eurozone in May increased by 0.1%, but the EU – by 1.6%.

In a monthly comparison, construction volume increased in eight countries, decreased in six and did not change at all in the Czech Republic.

The largest increase was noted in the UK – 6.3%; Romania – 5% and Portugal 3.6%.

The largest decrease was noted in Slovenia – 17.5%; Hungary – 4.1% and Spain – 3.3%.

Information concerning construction volume changes is not compiled every month for all EU countries, because Estonia, Ireland, Greece, Cyprus, Latvia, Lithuania and Malta file their data on construction to Eurostat only every quarter, instead of every month.

Information is not available for many other countries. For example, Finland’s data on construction volume changes is confidential.

Ref: 103.109.109.2847


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