Eurozone construction output decreases at faster pace in Dec
by ChemOrbis Editorial Team - content@chemorbis.com
According to data released by Eurostat, construction output in the eurozone decreased for a second consecutive month in December. Construction output was down 0.8% month over month in December after posting an upwardly revised decrease of 0.5% in the previous month.
In December, construction output in the building sector dropped 1% on a monthly basis while output in civil engineering climbed 1.7%.
On a yearly basis, the region’s construction output decreased 3.5% while for the full year of 2014 the construction sector grew 2% on average. Among the member states, the largest decreases in production in construction were seen in Slovakia, the Czech Republic, France, Italy and Germany with 9.8%, 7.8%, 7.5%, 5.2% and 4.7%, respectively while the highest increases were reported in Romania by 15.0%, Sweden by 9.4%, Poland by 4.8%, the UK by 4.7% and in Slovakia by 4.6%.
In December, construction output in the building sector dropped 1% on a monthly basis while output in civil engineering climbed 1.7%.
On a yearly basis, the region’s construction output decreased 3.5% while for the full year of 2014 the construction sector grew 2% on average. Among the member states, the largest decreases in production in construction were seen in Slovakia, the Czech Republic, France, Italy and Germany with 9.8%, 7.8%, 7.5%, 5.2% and 4.7%, respectively while the highest increases were reported in Romania by 15.0%, Sweden by 9.4%, Poland by 4.8%, the UK by 4.7% and in Slovakia by 4.6%.
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