EU construction output down by 1.3% in January – Eurostat

19 March 2013 11:17  [Source: ICIS news]

LONDON (ICIS)--EU construction output levels fell by 1.3% in January this year compared to the previous month, European Commission data agency Eurostat said on Tuesday.

Construction output for the 17-member eurozone was also down by 1.4% month on month in January, Eurostat added.

However, the agency revised up its construction output estimates for December 2012. The EU recorded a 0.6% month-on-month decline in construction output in December, compared to earlier estimates of a 2.7% fall.

Eurozone output increased by 0.3% over the same period, instead of shrinking by 1.7%, as indicated by earlier estimates.

Year-on-year, construction levels were down by 8% in the EU in January, and down by 7.3% in the eurozone.

Among the member states for which data was available for January, production in construction fell in nine and rose in four month on month, according to the agency.

“The largest decreases were registered in Slovenia (-7.4%), Sweden (-5.1%), the Czech Republic (-4.4%) and France (-4.0%), and the increases in Poland (+5.3%), Bulgaria (+3.7%), Germany (+3.0%) and Portugal (+1.2%),” Eurostat said.

Construction output declined year on year in every member state for which data was available, Eurostat added.

“The largest decreases were registered in Slovenia (-22.1%), Portugal (-20.2%), Poland (-17.3%), Slovakia (-14.9%) and the Netherlands (-13.7%),” the agency said.

By: Tom Brown
+44 208 652 3214

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