EU construction output falls 1.7% in June from May

20 August 2012 10:51  [Source: ICIS news]

LONDON (ICIS)--EU construction output in June dropped by 1.7% compared with the month before, following signs of improvement in May, statistics office Eurostat said on Monday.

In May, construction output, which is one of the chemical industry’s key downstream markets using a wide variety of products, including plastics and adhesives, had increased 1.2% in the EU month on month.

However, this upturn in production was ended in June, following large decreases being registered in the UK, Romania and Germany. 

Construction output in June in the eurozone meanwhile fell by 0.5% month on month, Eurostat added.

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

“The largest decreases were registered in Romania (-10.0%), the United Kingdom (-4.7%), Poland (-2.4%) and Germany (-2.0%), and the increases in Slovenia (+6.8%), Spain (+1.3%), Sweden (+1.1%) and France (+0.7%),” Eurostat said.

On a year-on-year basis, output in June decreased by 5.8% in the 27-member EU and by 2.8% in the eurozone, Eurostat said.

Among the member states for which data are available for June 2012, production in construction fell in eleven and rose in three.

“The largest decreases were registered in Portugal (-18.9%), the United Kingdom (-15.5%), Hungary (-11.1%) and Slovakia (-11.0%), and the increases in Sweden (+4.6%), Germany (+3.0%) and Romania (+0.1%),” the agency added.

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

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