Eurozone construction down on month, up on year in October
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.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Further price cuts in Vietnam’s PP market fail to revive demand
- Asian PS, ABS markets remain weak on rising trade tensions
- Spot styrene sharply down in Europe and Asia
- Expectations soften for PP raffia, fibre yet to follow in Turkey
- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets
- European PVC offers to Turkey shrug off higher costs