Production in construction up by 0.9% in euro area and by 1.2% in EU

November 18, 2021

According to estimates from the statistical office of the European Union (Eurostat), in September 2021, compared with August 2021, seasonally adjusted production in the construction sector increased by 0.9% in the euro area and by 1.2% in the EU. In August 2021, production in construction decreased by 1.4% in the euro area and by 1.8% in the EU. Whilst a comparison of September 2021 versus September 2020 revealed that production in construction increased by 1.5% in the euro area and by 1.8% in the EU.

In September 2021, relative to August 2021, civil engineering in the euro area increased by 2.6% and building construction by 0.9%. For the same comparable period, civil engineering in the EU increased by 2.0%, while building construction increased 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 Romania (-4.9%), Slovakia (-3.8%), and Poland (-1.9%). Increases were observed in Slovenia (+8.5%), Sweden (+6.0%), and Hungary (+4.1%).

As it relates to the annual comparison, civil engineering increased by 1.8% and building construction by 1.5% in the euro area in September 2021 relative to September 2020. In the EU, civil engineering increased by 1.5% and building construction by 2.3%.

Among the Member States for which data are available, the largest annual decreases in production in construction were observed in Romania (-14.2%), Spain (-7.2%), and Slovakia (-1.6%). Increases were recorded in Hungary (+14.3%), Finland (+6.0%), and Poland (+4.3%).

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.

2021-11-18T12:17:10-05:00