Based on activity observed in July 2017 relative to June 2017, seasonally adjusted production in the construction  sector expanded 0.2% and 0.3% in the EU28.  According to Eurostat, the statistical office of the European Union, “In July 2017 compared with July 2016, production in construction increased by 3.4% in the euro area and by 3.6% in the EU28.

 

Monthly comparison by construction sector and by Member State

The increase of 0.2% in production in construction in the euro area in July 2017, compared with June 2017, is due to building construction rising by 0.3%, while civil engineering fell by 0.4%. In the EU28, the increase of 0.5% is due to building construction rising by 0.8%, while civil engineering fell by 0.8%.

 

Annual comparison by construction sector and by Member State

 The growth of 3.4% in production in construction in the euro area in July 2017, compared with July 2016, is due to building construction rising by 4.0% and civil engineering by 0.9%. In the EU28, the increase of 3.6% is due to building construction rising by 4.0% and civil engineering by 2.3%. Among Member States for which data are available, the highest increases in production in construction were recorded in Hungary (+22.6%), Sweden (+21.2%), Poland (+19.8%) and Slovakia (+14.7%). Decreases were observed in the United Kingdom (-1.1%) and Italy (-0.4%).

 

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.