EU construction output drops 0.9% in November 2012

17 January 2013 10:55  [Source: ICIS news]

LONDON (ICIS)--EU construction levels dropped in November 2012, statistics agency Eurostat said on Thursday, with output decreasing by 0.9% during the month compared to October.

Construction output in the eurozone also dropped slightly, falling 0.4% month on month in November, 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.

Eurostat also revised its estimate of month-on-month EU construction output growth for October up to 2.8% from earlier estimates of 1.6%. Output was stable over the period in the eurozone.

Year-on-year, construction levels were down 5.9% in the EU and 4.7% in the eurozone in November.

Among the member states for which data was available for November, month-on-month construction output fell in eight and rose in six, according to the agency.

“The largest decreases were registered in Italy (-3.4%), the UK (-2.7%), Poland and Portugal (both -1.5%), and the highest increases in Slovenia (+14.9%), Romania (+5.1%) and Sweden (+2.2%),” Eurostat said.

Among the member states for which data was available for November, year-on-year construction fell in 10 and rose in four.

“The largest decreases were registered in Slovenia (-20.4%), Italy and Portugal (both -17.9%), and Slovakia (-13.1%), and the highest increases in Spain (+10.3%) and Sweden (+1.5%),” the agency added.


By: Tom Brown
+44 208 652 3214



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