EU construction output rises 0.2% in August from July

17 October 2012 10:40  [Source: ICIS news]

ConstructionLONDON (ICIS)--EU construction production in August increased by 0.2% compared with July, representing the first month-on-month increase in output since May this year, statistics office Eurostat said on Wednesday.

Construction output in the eurozone also increased by 0.7% month on month. The construction sector is one of the key downstream markets for the chemicals industry, using a variety of products including plastics and adhesives.

Among the member states for which data was available for August, month-on-month production in construction rose in eight and fell in seven.

“The highest increases were registered in Portugal (+10.4%), Italy (+5.3%) and Romania (+2.8%), and the largest decreases in Hungary (-5.3%), Germany (-2.8%) and the Czech Republic (-1.7%),” the statistics agency said.

On a year-on-year basis, construction industry output in August declined by 6.8% in the EU and 5.5% in the eurozone, Eurostat said.

Among the member states for which data was available for August 2012, year-on-year construction output rose in four countries and fell in 11.

“The largest decreases were registered in Portugal (-17.3%), Slovenia (-14.8%), Slovakia (-11.9%) and the United Kingdom (-11.6%), and the increases in Romania (+5.1%), Bulgaria (+1.3%), Sweden (+1.0%) and Germany (+0.7%),” Eurostat said.

By: Tom Brown
+44 208 652 3214

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