EU production in construction falls in November 2014

According to the latest Eurostat data, in November 2014 seasonally adjusted production in the construction sector fell by 0.1% in the euro area (EA18) and by 0.2% in the EU28, compared with October 2014. Meanwhile, compared with November 2013, production in construction grew by 2.2% in the euro area and by 2.5% in the EU28. In October 2014, production in construction grew by 1.1% and 0.5%, respectively.

Monthly comparison

The 0.1% decrease in production in construction in the euro area in November 2014, compared with October 2014, was attributed to a 0.2% fall in building construction and 0.1% fall in civil engineering. In the EU28, the 0.2% decrease was due to building construction falling by 0.2%, while civil engineering grew by0.1%.

The largest decreases in production in construction were observed in Italy (-4.5%), the UK (-2.0%) and the Czech Republic (-1.9%), and the highest increases were recorded in Romania (+5.8%), Poland (+2.5%), Sweden (+2.4%) and Spain (+2.2%).

Yearly comparison

The 2.2% increase in production in construction in the euro area in November 2014, compared with November 2013, was due to building construction rising by 2.7%, while civil engineering fell by 0.5%. In the EU28, the 2.5% increase was attributed to building construction rising by 3.3%, while civil engineering fell by 0.5%.

The highest increases in production in construction were registered in Spain (+15.9%), Sweden (+12.5%) and Hungary (+8.8%), and the largest decreases in Slovenia (-11.2%), Italy (-7.9%), Portugal (-5.7%) and Slovakia (-5.1%).

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldcement.com/europe-cis/20012015/eu-production-in-construction-falls-in-november-2014-167/