Production in construction up by 0.3% in euro area and by 0.2% in EU

October 12, 2022

 

According to estimates from the statistical office of the European Union (Eurostat), in July 2022, compared with June 2022, seasonally adjusted production in the construction sector increased by 0.3% in the euro area and by 0.2% in the EU. In June 2022, production in construction decreased by 1.2% in the euro area and by 1.3% in the EU. A comparison of July 2022 versus July 2021 revealed that production in construction increased by 1.5% in the euro area and by 1.3% in the EU.

In July 2022, relative to June 2022, civil engineering in the euro area decreased by 0.6%, while building construction rose by 0.3%. For the same comparable period, civil engineering in the EU decreased by 0.9%, while building construction rose by 0.2%.

Among the Member States for which data are available, the largest month over month decreases in production in construction were recorded in Austria and Slovenia (both -4.2%), Czechia (-2.9%) and Sweden (-1.3%). The largest month over month increases were observed in Spain (+6.7%), Hungary (+5.7%) and Slovakia (+3.1%).

As it relates to the annual comparison, civil engineering increased by 1.7% and building construction by 1.4% in the euro area in July 2022 relative to July 2021. In the EU, civil engineering increased by 1.3% and building construction by 1.2%.

Among the Member States for which data are available, the largest annual decreases in production in construction were observed in Sweden (-8.7%), Spain (-5.2%) and Czechia (-2.7%). The largest annual increases were recorded in Slovenia (+28.5%), Romania (+8.3%) and Austria (+7.6%).

 

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2022-10-12T11:21:25-05:00