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Eurozone construction down on month, up on year in October

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/12/2017 (17:14)
According to the data released by Eurostat, seasonally adjusted production in the construction sector in the eurozone declined by 0.4% in October month-on-month while it increased 2% on a yearly basis.

According to the data, the monthly decrease in October was mainly due to the falls in building construction by 0.5% and in civil engineering by 0.3%. The data showed that Sweden, the United Kingdom and Germany recorded the largest decreases by 2.1%, 1.6% and 1.3% respectively in the production in construction while Slovenia, Hungary and Slovakia posted the largest increases respectively by 8.5%, 5.9% and 5.7% on a monthly basis.

The data also reveal that the rise in construction in the eurozone on a yearly basis in October 2017 was mainly driven by an increase of 2.2% in building construction and of 1.4% in civil engineering. Among Member States, Hungary, Slovenia and Poland posted the largest increases in production in construction on a yearly basis by 38.1%, 29.5% and 18% respectively while Romania (14.3%) and Spain (1.2%) recorded the largest decreases on year.
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