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Eurozone construction output rises in Apr

by ChemOrbis Editorial Team - content@chemorbis.com
  • 20/06/2017 (15:53)
According to the preliminary data from Eurostat, seasonally adjusted production in the construction sector in the eurozone rose by 0.3% in April month-on-month and by 3.2% on a yearly basis.

According to the data, the monthly increase in April 2017 was mainly due to the rise in building construction by 0.7%. The data also shows that Sweden, France and Czech Republic recorded the largest increases by 3.8%, 3.5% and 1.6% respectively in the production in construction while Romania, Italy and Hungary posted the largest decreases respectively by 7.7%, 4.1% and 2.6% on a monthly basis.

The data reveals that the rise in construction in the eurozone on a yearly basis in April 2017 was mainly driven by an increase of 3.3% in building construction and of 2.5% in civil engineering. Among the member states, Slovenia, Hungary and Sweden posted the largest increases in production in construction on a yearly basis by 27.8%, 22% and19.8% respectively while Romania (18.4%), Italy (4.6%) and the UK (3.4%) recorded the largest decreases on year.
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