Eurozone construction output up 12.4% in March

21 May 2012 11:38  [Source: ICIS news]

LONDON (ICIS)--Eurozone construction output rose by 12.4% in March 2012 compared with the previous month, statistics office Eurostat said on Monday.

Construction output in the 27-member EU increased by 11.8% month on month in March, added Eurostat.

Among the member states for which data are available for March, construction output rose in 10 and fell in four.

“The highest increases were registered in Germany (+30.7%), France (+17.8%), the United Kingdom (+14.8%) and Italy (+9.5%), and the largest decreases in Romania (-8.8%), Portugal (-6.8%) and Spain (-1.8%),” said Eurostat.

On a year-on-year basis, output in March decreased by 3.8% in the eurozone and by 3.9% in the EU, Eurostat said.

Among the member states, year-on-year output in Marchfell in nine and rose in five, Eurostat added.

“The largest decreases were registered in Portugal (-16.4%), Slovakia (-11.0%), Spain (-10.9%) and Slovenia (-10.7%), and the highest increases in Sweden (+7.9%), Germany (+6.3%) and Poland (+2.4%),” it said.

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

By: Leigh Stringer
+44 208 652 3214

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