Eurozone construction declines in August
According to the data, the monthly decrease in August was mainly due to the fall in building by 0.2% and in civil engineering by 0.1%. The data also revealed that Sweden, Slovenia and Slovakia recorded the largest decreases by 9.7%, 3.6% and 1.4% respectively in the production in construction while Hungary, Italy and Bulgaria posted the largest increases respectively by 9.8%, 1.8% and 0.9% on a monthly basis.
The data shows that the rise in construction in the area on a yearly basis in August was mainly driven by an increase of 1.7% in building construction and of 0.6% in civil engineering. Among Member States, Hungary, Poland and Sweden posted the largest increases in production in construction on a yearly basis by 36.8%, 23.2% and 14.7% respectively while Italy (1.1%), Romania (0.6%) and Belgium (0.4%) recorded the largest decreases on year.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs
- Egypt’s PP, PE markets rise on tightness in September
- Logistics snarls propel import PP, PE offers higher in Europe
- Import PVC prices near all-time highs in India, disparity with China/SEA grows
- PP, PE supplies rise in China; demand lags behind expectations despite peak season
- Stats: China’s July PE imports increase after 3 months of declines
- Will Asia’s PS markets follow ABS higher on cost support?
- Sept PET expectations diverge in shade of opposite factors in Europe