EU construction output jumps 1.6% in October

19 December 2012 11:30  [Source: ICIS news]

LONDON (ICIS)--EU construction levels rallied slightly in October, statistics office Eurostat said on Wednesday, with output increasing by 1.6% during the month compared with September.

Construction output in the eurozone did not prove as resilient, dropping 1.6% month on month in October, 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 dropped by 1.6% in September compared with August, according to revised figures.

Year-on-year, construction levels were down 4.4% in the EU and 4.1% in the eurozone during October.

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

"The largest decreases were registered in Slovenia (-21.1%), Germany (-5.3%) and Sweden (-4.7%), and the highest increases in the UK (+11.7%), Bulgaria (+2.2%) and Italy (+1.9%)," Eurostat said.

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

“The largest decreases were registered in Portugal (-19.1%), Slovenia (-15.5%), Slovakia (-12.8%) and Italy (-12.1%), and the increases in Bulgaria (+5.7%), Spain (+3.4%) and Hungary (+1.3%),” the agency added.

By: Tom Brown
+44 208 652 3214

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