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Production in construction rose by 0.7% in euro area and 1.1% in EU28 for November

January 20, 2020

Seasonally adjusted production in construction rose by 0.7% in the euro area (EA19) and increased by 1.1% in the EU28 for November compared with October 2019. According to Eurostat’s first estimates stated in October 2019, “production in construction fell by 0.5% in the euro area and by 0.4% in the EU28.” Whereas, in November 2019 compared with November 2018, production in construction rose by 1.4% in the euro area and in the EU28.

Monthly comparison by construction sector and by Member State:

During November 2019, building construction in the euro area climbed by 1.1%, while civil engineering increased 0.3% relative to October 2019. In the EU28, building construction rose by 1.4%, whereas, civil engineering increased by 0.1%. Among Member States for which data are available, the largest increases in production in construction were observed in  Poland (+3.1%), Germany (+2.6%) and France (+2.5%). Hungary (-4.5%), Slovakia (-3.8%) and Portugal (-1.4%) experienced the greatest decreases.

Annual comparison by construction sector and by Member State:

For November 2019, building construction advanced 1.4% and civil engineering rose 0.5% in the euro area relative to November 2018. Moreover, in the EU28, civil engineering rose by 0.5% and building construction by 1.7%. Among Member States for which data are available, the highest increases in production in construction were recorded in Romania (+24.0%), Hungary (+6.8%) and Germany (+4.8%).

Furthermore, highest decreases were experienced in Slovakia (-9.6%), Slovenia (-8.4%) and Spain (-3.0%).

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.

2020-01-20T16:36:18-05:00