EU construction output falls 1.8% in September

19 November 2012 10:34  [Source: ICIS news]

LONDON (ICIS)--EU construction levels slumped in September following a slight increase in output during the previous month, declining 1.8% in September compared with August, statistics office Eurostat said on Monday.

Construction output in the eurozone fell by 1.4% month on month, the agency added. The construction sector is one of the key downstream markets for the chemicals industry, using a variety of products including plastics and adhesives.

EU construction levels had increased by 0.2% in August compared with July, the first increase in output levels since May.

Year-on-year, construction levels were down 5.8% in the EU and 2.6% in the eurozone for September.

Among the member states for which data was available for September 2012, month-on-month production in construction fell in eleven and rose in three, according to the agency.

“The largest decreases were registered in Portugal (-13.4%), Italy (-8.0%), Romania (-4.0%) and the UK (-3.0%), and the increases in Slovenia (+17.1%), Germany (+2.7%) and Sweden (+1.0%),” Eurostat said.

Among the member states for which data was available for September 2012, year-on-year construction output fell in 12 and rose in two.

“The largest decreases were registered in Portugal (-18.2%), Italy (-17.8%), Poland (-16.7%), Slovakia (-14.9%) and the UK (-13.1%), and the increases in Sweden (+4.5%) and Germany (+4.0%),” the agency added.

By: Tom Brown
+44 208 652 3214

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