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Home Business RealEstate

Production in construction up by 0.8% in euro area

The FINANCIAL by The FINANCIAL
December 19, 2016
in RealEstate
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Production in construction up by 0.8% in euro area
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The FINANCIAL — In October 2016 compared with September 2016, seasonally adjusted production in the construction sector increased by 0.8% in the euro area (EA19) and by 0.4% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union.

In September 2016, production in construction fell by 0.8% in the euro area and by 0.1% in the EU28.

In October 2016 compared with October 2015, production in construction grew by 2.2% in the euro area and by 1.1% in the EU28.

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Monthly comparison by construction sector and by Member State

The increase of 0.8% in production in construction in the euro area in October 2016, compared with September 2016, is due to building construction rising by 1.3%, while civil engineering fell by 1.2%.

In the EU28, the increase of 0.4% is due to building construction rising by 1.0%, while civil engineering fell by 2.4%.

Among Member States for which data are available, the highest increases in production in construction 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%).

Annual comparison by construction sector and by Member State

The increase of 2.2% in production in construction in the euro area in October 2016, compared with October 2015, is due to building construction rising by 2.7% and civil engineering by 0.2%.

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In the EU28, the increase of 1.1% is due to building construction rising by 2.6%, while civil engineering fell by 5.0%.

Among Member States for which data are available, the highest increases in production in construction 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%).

 

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