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EU: Production in construction down by 0.5% in euro area, down by 0.8% in EU28

April 18, 2018

In February 2018 compared with January 2018, production in the construction sector decreased by 0.5% in the euro area (EA19) and by 0.8% in the EU28, according to a recent publication by Eurostat, the statistical office of the European Union. Activities in the construction sector is decreasing at a slower pace than in the previous month, January 2018, when production in construction fell by 0.8% in the euro area and by 1.1% in the EU28.

Year over year,  February 2018 compared with February 2017, production in construction increased by 0.4% in the euro area and decreased by 0.1% in the EU28.

Comparison by construction sector and by Member State

The decrease of 0.5% in production in construction in the euro area for February 2018, compared with January 2018, was due to civil engineering falling by 1.7%, while building construction rose 0.1%. In the EU28, the decrease of 0.8% is due to civil engineering falling by 2.7% and building construction by 0.2%. For the trailing twelve months to February 2018, the increase of 0.4% in production in construction in the euro area was attributed to building construction rising by 1.7%, while civil engineering fell by 4.6%. In the EU28, the decrease of 0.1% was linked to a 3.8% decline in civil engineering, while building construction grew by 0.6%.

For the month of February,  the largest decreases in production in construction were recorded in Bulgaria (-14.0%), Slovenia (-13.1%) and Hungary (-5.0%); whereas the highest increases were observed in Romania (+4.7%), France (+2.7%) and Spain (+0.9%)

Year over year, Poland (+31.3%), Hungary (+26.1%) and Romania (+10.6%) were the highest increase in production in construction . The largest decreases for the year were observed in Belgium (-5.3%), the United Kingdom (-3.9%) and France (-3.0%).

                             Source: Eurostat

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.

2018-04-18T15:08:14-05:00