EU construction output rises

EU construction

Dec 21, 2016 –

Output across Europe’s construction sector grew by 0.4% in October compared to September and by 1.1% compared to last year.

The growth came from building projects, with civil engineering output falling.

The figures from Eurostat, the statistical office of the European Union, show a larger rise when just the 19 countries of the euro area (EA19) are taken into account. Production in the EA19 was up by 0.8% when compared to the previous month and by 2.2% from October 2015.

In terms of the monthly comparison, the increase of 0.8% in production in the euro area is due to building construction rising by 1.3%, while civil engineering fell by 1.2%. Across the 28 countries of the EU (EU280, the increase of 0.4% is due to building construction rising by 1.0%, while civil engineering fell by 2.4%.

Of member states with available data, the highest increases were recorded in Sweden (+2.3%), France (+2.1%) and Germany (+1.7%), and the largest decreases in Slovenia (-6.8%), Hungary (-3.8%) and Slovakia (-3.5%).

For the annual comparison, the increase of 2.2% in the euro area is due to building construction rising by 2.7% and civil engineering by 0.2%. The 1.1% in the EU28 came from building construction rising by 2.6%, while civil engineering fell by 5.0%. The highest increases were recorded in Sweden (+10.1%) and the Netherlands (+8.2%), and the largest decreases were observed in Slovakia (-22.1%), Poland (-18.0%) and Bulgaria (-14.0%).

Source:- http://www.theconstructionindex.co.uk/news/view/eu-construction-output-rises-1

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