Eurozone construction output down in Dec
According to the data, the monthly decrease in December 2016 was mainly due to the fall in building construction by 0.5%. The data also shows that Romania, Slovakia and Bulgaria recorded the largest decreases by 4.3%, 3.1% and 2.1% respectively in the production in construction while Sweden, Poland, the Czech Republic and the United Kingdom posted the largest increases respectively by 4.7%, 2.5% and 2.2% on a monthly basis.
The rise in construction in the eurozone on a yearly basis in December was mainly driven by an increase of 6.5% in civil engineering and by 2.5% in building construction, the data reveals. Among the member states, Sweden, the Netherlands and Slovenia recorded the largest increases in production in construction on a yearly basis with 11.2%, 10.4% and 9.1%% respectively while Romania (26.7%), Slovakia (18.5%) and Hungary (14.9%) 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...
- Asian PVC prices cautiously rebound from more than 2-year lows
- Freight rates near pre-Covid levels as pace of normalization accelerates
- Bleak outlook for Q1 keeps European PP, PE buyers sidelined
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains