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Eurozone construction output grows at faster pace in Jan

by ChemOrbis Editorial Team -
  • 18/03/2015 (17:28)
According to data from Eurostat, construction output in the eurozone increased for a second straight month in January. Construction output climbed 1.9% month over month in January following a 0.2% gain in December. December’s level was revised from a initially reported decline of 0.8%. On a yearly basis, the region’s construction output increased 3% compared with a decline of 2.7% in the previous month.

Construction output in the building sector rose 2.3% on a monthly basis while output in civil engineering climbed 0.2% in January.

Among EU member states, the largest gains in production in construction were seen in Slovenia, the Czech Republic, Hungary and Germany with increases of 11.2%, 8.7%, 6.6% and 5%, respectively, while the highest decreases were reported in Romania (-5.3%), the UK (-2.8%) and in Bulgaria (-1.7%).

Meanwhile, in a separate report, Eurostat said that the eurozone’s trade surplus rose by €100 million on a yearly basis to €7.9 billion ($8.38 billion) in January. The increase was attributed to a 6% drop in imports. For the full year of 2014, the region’s trade surplus increased to €193 billion from €152 billion in 2013. Exports increased 2% while imports remained unchanged.
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