Date: August 21, 2019

Seasonally adjusted production in the construction remained unchanged in the euro area (EA19) and fell by 0.3% in the EU28 in June compared with May 2019. According to Eurostat’s first estimates stated in May 2019, “production in construction decreased by 0.5% in the euro area and by 0.4% in the EU28. In June 2019 compared with June 2018, production in construction increased by 1.0% in the euro area and by 0.6% in the EU28.”

Monthly comparison by construction sector and by Member State:

Within the euro area in June 2019, building construction rose by 0.3% relative to May 2019, while civil engineering went down by 0.5%. In the EU28, civil engineering decreased by 0.5% and building construction by 0.2%. Among Member States for which data are available, the largest decreases in production in construction were recorded in Slovenia (-6.7%), Romania (-2.8%) and Portugal (-1.4%). Hungary (+1.7%), France (+1.2%) and Czechia (+1.0%) experienced the highest increases.

Annual comparison by construction sector and by Member State:

For June 2019 building construction went up by 1.5% and civil engineering by 0.8% in the euro area relative to June 2018. Moreover, in the EU28, civil engineering rose by 1.4% and building construction by 0.5%. Among Member States for which data are available, the highest increases in production in construction were observed in Romania (+23.3%), Hungary (+20.2%) and Slovenia (+5.5%).

Furthermore, decreases were observed in Slovakia (-2.1%), the United Kingdom (-2.0%), Sweden (-0.9%) and Belgium (-0.3%).

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.