EU construction output rises 1.6% in May from April

18 July 2012 10:43  [Source: ICIS news]

LONDON (ICIS)--EU construction output in May rose by 1.6% compared with the month before, statistics office Eurostat said on Wednesday.

Construction output in the eurozone meanwhile increased by 0.1% month on month in May, Eurostat added.

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

Among the member states for which data was available for May 2012, production in construction rose in eight, fell in six and remained stable in the Czech Republic.

“The highest increases were registered in the UK (+6.3%),  Romania (+5.0%) and  Portugal  (+3.6%), and the largest decreases in  Slovenia (-17.5%),  Hungary (-4.1%) and Spain (-3.3%),” said Eurostat.

On a year-on-year basis, output in May decreased by 6.9% in the 27-member EU and by 8.4% in the eurozone, Eurostat said.

Among the member states, year-on-year output in May fell in 12 and rose in three.

“The largest decreases were registered in Spain (-24.8%), Slovenia (-23.7%) and Portugal (-16.4%), and the increases in Romania (+21.1%), Poland (+6.5%) and Germany (+2.2%),” Eurostat said.

By: Franco Capaldo
+44 (0)20 8652 3214

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