Eurozone construction output rises 0.8% in November 2011

18 January 2012 10:51  [Source: ICIS news]

LONDON (ICIS)--Eurozone construction output increased by 0.8% in November 2011 compared with the previous month, while production in the EU rose by 0.4%, statistics office Eurostat said on Wednesday.

Among the member states for which data are available, month-on-month construction output rose in eleven and fell in Spain and Slovakia (both -0.7%) and Bulgaria (-0.3%).

The largest increases were registered in Slovenia (+23.1%), Hungary (+7.4%) and Germany (+4.5%).

On a year-on-year basis, output in November 2011 increased by 0.2% in the eurozone and by 0.7% in the EU27.

Among the Member States for which data are available, year-on-year November construction output rose in six and fell in eight, Eurostat said.

The biggest increases were in Romania (+16.9%), Poland (+14.7%) and Germany (+9.9%), with the largest decreases in Portugal (-12.2%), Bulgaria (-10.2%) and Slovenia (-10.0%).

In October, total construction output had fallen by -1.4% in the eurozone and by -0.7% in the EU.

The construction sector is one of the chemical industry’s key downstream markets and uses a wide variety of products, including plastics and adhesives.

For more on issues facing the industry visit Paul Hodges’ blog Chemicals and the Economy

By: Graeme Paterson
+44 20 8652 3214

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