Production in construction falls in both euro area and EU28

Date: February 25, 2019

The euro area (EA19) and the EU 28 reported a decrease in the Seasonally adjusted production in the construction sector by 0.4% and by 0.9% respectively during December 2018 compared with November 2018. In addition, According to Eurostat, “In November 2018, production in construction grew by 0.3% in the euro area and by 0.4% in the EU28. In December 2018 compared with December 2017, production in construction increased by 0.7% in the euro area and by 0.5% in the EU28. The average production in construction for the year 2018, compared with 2017, increased by 1.7% in the euro area and by 2.0% in the EU28.”

Building construction in the EU28 declined 1.3%, while civil engineering remained stable. Building construction fell 0.7% during December 2018 for the euro area, while civil engineering registered a 0.4% increase. The following member states which recorded the largest decreases in production were n Slovenia (-12.4%), Germany (-4.1%) and the United Kingdom (-3.8%). The highest increases were observed in Sweden (+6.2%), Czechia (+3.0%) and Spain (+2.6%).

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.

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