April 20, 2021
According to first estimates from the statistical office of the European Union (Eurostat), in February 2021, compared with January 2021, seasonally adjusted production in the construction sector decreased by 2.1% in the euro area and by 1.6% in the EU. In January 2021, production in construction increased by 0.8% in the euro area and by 1.0% in the EU. Whilst a comparison of February 2021 versus February 2020 revealed that production in construction decreased by 5.8% in the euro area and by 5.4% in the EU.
In February 2021, relative to January 2021, civil engineering in the euro area decreased by 3.4% and building construction by 1.9%. For the same comparable period, civil engineering in the EU decreased by 3.4%, while building construction decreased by 1.9%.
Among the Member States for which data are available, the largest month over month decreases in production in construction were recorded in Hungary (-11.7%), Poland (-6.9%), France, and Slovakia (both -6.0%). Increases were observed in Sweden (+9.2%), Austria (+8.8%), Romania (+2.3%), and Bulgaria (+0.2%).
As it relates to the annual comparison, civil engineering decreased by 10.4% and building construction by 4.8% in the euro area in February 2021 relative to February 2020. In the EU, civil engineering decreased by 9.8% and building construction by 4.1%.
Among the Member States for which data are available, the largest annual decreases in production in construction were observed in Slovakia (-24.4%), Poland (-18.1%), and Spain (-17.1%). Increases were recorded in Sweden (+5.8%), Austria (+3.6%), and Romania (+1.6%).
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.