Production in construction down by 0.4% in the euro area

The seasonally adjusted production in the construction sector fell 0.4% in the euro area (EA19) for October 2017 relative to September 2017. First estimates from the Eurostat, the statistical office of the European Union reflect a 0.7% decline for the EU28 for October 2017. This follows a 0.1% increase in the euro area (EU19) for September 2017, while a 0.2% was recorded for the EU28. Year over year, production in construction for October 2017 improved 2% in both zones.

The contraction of 0.4% in the euro area for October 2017, compared with September 2017, was attributed to building construction falling by 0.5% civil engineering by 0.3%. for the EU28 the decline was as a result of building construction falling by 0.8% and civil engineering by 0.1%. Among the member states, the largest decrease in production in construction were  Sweden (-2.1%), the United Kingdom (-1.6%), Germany and Romania (both -1.3%), and the highest increases in Slovenia (+8.5%), Hungary (+5.9%) and Slovakia (+5.7%), based on data available.

The year over year increase of 2% in production in construction in the euro area was due to building construction rising by 2.2% and civil engineering by 1.4%. In the EU28, the improvement was traced to a 2.9% increase in civil engineering and building construction by 1.8%. Among Member States for which data are available, the highest increases in production in construction were recorded in Hungary (+38.1%), Slovenia (+29.5%) and Poland (+18.0%), and the largest decreases in Romania (-14.3%) and Spain (-1.2%).

 

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.

 

 

2017-12-20T15:03:47+00:00