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Production in construction down by 1.3% in euro area and by 1.2% in EU

August 23, 2022

According to estimates from the statistical office of the European Union (Eurostat), in June 2022, compared with May 2022, seasonally adjusted production in the construction sector decreased by 1.3% in the euro area and by 1.2% in the EU. In May 2022, production in construction decreased by 0.3% in the euro area, while it rose by 0.1% in the EU. A comparison of June 2022 versus June 2021 revealed that production in construction increased by 0.1% in the euro area and by 0.6% in the EU.

In June 2022, relative to May 2022, civil engineering in the euro area decreased by 1.3% and building construction by 1.2%. For the same comparable period, civil engineering in the EU decreased by 1.4% and building construction by 1.2%.

Among the Member States for which data are available, the largest month over month decreases in production in construction were recorded in Hungary (-5.2%), Slovakia (-5.0%) and Austria (-4.8%). Increases were observed in Slovenia (+1.7%), the Netherlands (+1.0%) and Finland (+0.2%).

As it relates to the annual comparison, civil engineering decreased by 0.2%, while building construction increased by 0.1% in the euro area in June 2022 relative to June 2021. In the EU, civil engineering increased by 0.1% and building construction by 0.8%.

Among the Member States for which data are available, the largest annual decreases in production in construction were observed in Slovenia (+27.2%), Poland and Romania (both +5.9%) and the Netherlands (+4.7%). The largest decreases were recorded in Spain (-10.4%), Hungary (-8.1%) and Austria (-6.8%).

 

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