EU construction output down 1.1% in March, eurozone 1.7% lower

17 May 2013 10:54  [Source: ICIS news]

ConstructionLONDON (ICIS)--EU construction output levels fell by 1.1% in March this year compared to the previous month, data agency Eurostat said on Friday.

Construction output for the 17-member eurozone was also down by 1.7% month on month in March, Eurostat added.

The agency also revised its month-on-month production level figures for February 2013 to a 0.3% decline for the eurozone and flat growth in the EU.

Eurostat had originally estimated production output declines of 0.4% for the EU and 0.8% for the eurozone during the period.

Year on year, construction output in March fell by 7.2% in the EU and 7.9% in the eurozone.

Among the member states for which data was available in March, production in construction fell in 10 and rose in four month on month.

“The largest decreases were registered in Portugal (-10.7%), the Czech Republic (-7.6%) and Slovakia (-5.0%), and the highest increases in Romania (+2.8%) and Spain (+2.4%),” Eurostat said.

Among the member states for which year on year data was available, production in construction also fell in 10 countries and increased in four.

“The largest decreases were registered in Slovenia (-31.8%), the Czech Republic (-19.0%), Poland (-16.9%) and Portugal (-16.7%), and the highest increases in Spain (+16.6%) and Hungary (+9.9%),” the agency added.

By: Tom Brown
+44 208 652 3214

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