Date: March 19, 2019
Seasonally adjusted production in the construction sector decreased by 1.4% in the euro area (EA19) and remained unchanged in the EU28 In January 2019 compared with December 2018. According to Eurostat’s first estimates stated In December 2018, “production in construction grew by 1.1% in the euro area and fell by 0.2% in the EU28. In January 2019 compared with January 2018, production in construction decreased by 0.7% in the euro area and increased by 0.7% in the EU28.”
Monthly comparison by construction sector and by Member State:
Within the euro area in January 2019, compared with December 2018, civil engineering fell by 2.9% and building construction by 1.1%. In the EU28, civil engineering fell by 1.3%, while a growth of 0.2% was recorded for building construction. Among Member States for which data are available, France, Finland and Spain recorded the largest decreases in production in construction with (-5.4%), (-2.2%) and (-1.8%) respectively. The highest increases were witnessed in Slovenia (+10.3%), Hungary (+9.7%) and Romania (+5.1%).
Annual comparison by construction sector and by Member State
In the euro area in January 2019, compared with January 2018, civil engineering fell by 1.5% and building construction by 0.1%. In the EU28, building construction rose by 0.8 and civil engineering by 0.3%. Among Member States for which data are available, the largest decreases in production in construction were recorded in Czechia (-13.3%), Romania (-5.1%) and Germany (-3.5%).
The highest increases were observed in Hungary (+29.2%), the Netherlands (+5.5%) and Slovenia (+4.3%).
Disclaimer: 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.
