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Production in construction fell by 0.5% in euro area and 0.2% in EU28

Seasonally adjusted production in the construction fell by 0.5% in the euro area (EA19) and fell by 0.2% in the EU28 in August compared with July 2019. According to Eurostat’s first estimates stated in July 2019, “production in construction decreased by 0.2% in the euro area and increased by 0.5% in the EU28. In August 2019 compared with August 2018, production in construction increased by 1.2% in the euro area and by 1.9% in the EU28.”

Monthly comparison by construction sector and by Member State:

Within the euro area in August 2019, civil engineering declined by 1.3% and building construction by 0.2% relative to July 2019. In the EU28, civil engineering decreased by 1.2% and building construction rose by 0.1%. Among Member States for which data are available, the largest decreases in production in construction were observed in Hungary (-10.5%), Slovenia (-3.7%) and Czechia (-2.8%). Poland (+2.0%), Sweden (+1.9%) and Portugal (+0.9%) experienced the highest increases.

Annual comparison by construction sector and by Member State:

For August 2019 building construction went up by 1.6% and as  civil engineering increased 0.9% in the euro area relative to August 2018. Moreover, in the EU28, civil engineering rose by 1.4% and building construction by 2.2%. Among Member States for which data are available, the highest increases in production in construction were recorded in Romania (+34.2%), Sweden (+6.8%) and Hungary (+5.9%).

Furthermore, highest decreases were experienced in Slovenia (-7.5%), Slovakia (-6.9%) and Belgium (-2.5%).

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.

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