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Eurozone construction output down in Jan

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/03/2017 (16:40)
According to the preliminary data from Eurostat, seasonally adjusted production in the construction sector in the eurozone fell by 2.3% in January month on month while it decreased by 6.2% on a yearly basis.

According to the data, the monthly decrease in January 2017 was mainly due to the fall in civil engineering by 7.7% and in building construction by 1.4%. The data also shows that Slovenia, Belgium, Spain and France recorded the largest decreases by 12.3%, 4.6%, 3.8% and 3.5% respectively in the production in construction while Romania, Hungary and Slovakia posted the largest increases respectively by 5.1%, 4.6% and 3.3% on a monthly basis.

Similarly, the fall in construction in the eurozone on a yearly basis in January was mainly driven by a decrease of 8.2% in civil engineering and 5.9% in building construction, the data reveals. Among the member states, Belgium, Slovakia, Spain and Bulgaria recorded the largest decreases in production in construction on a yearly basis by 18%, 17.2%, 13.1% and 10.3%% respectively while Hungary (18.3%) and Sweden (10%) recorded the largest increases on year.
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