Eurozone construction output up again in Nov
by ChemOrbis Editorial Team - content@chemorbis.com
According to the preliminary data from Eurostat, seasonally adjusted production in the construction sector in the eurozone rose by 0.4% in November month on month while it remained flat on a yearly basis.
According to the data, the monthly increase in November 2016 was mainly due to the rise in civil engineering output (1%). The data also shows that Slovenia, Poland and Slovakia recorded the largest increases by 9.4%, 6.7% and 5.7% respectively in the production in construction while Romania, Sweden and Spain posted the largest decreases respectively by 6.8%, 3.8% and 3.5% on a monthly basis.
The steady production in construction in the eurozone on a yearly basis in November was mainly driven by an increase of 2.2% in civil engineering as building construction fell by 0.6%, the data reveals. Among the member states, Sweden and the Netherlands recorded the largest increases in production in construction on a yearly basis with 7.6% and 7% respectively while Slovenia (15%), Hungary (14.4%) and Romania (13.9%) recorded the largest decreases on year.
According to the data, the monthly increase in November 2016 was mainly due to the rise in civil engineering output (1%). The data also shows that Slovenia, Poland and Slovakia recorded the largest increases by 9.4%, 6.7% and 5.7% respectively in the production in construction while Romania, Sweden and Spain posted the largest decreases respectively by 6.8%, 3.8% and 3.5% on a monthly basis.
The steady production in construction in the eurozone on a yearly basis in November was mainly driven by an increase of 2.2% in civil engineering as building construction fell by 0.6%, the data reveals. Among the member states, Sweden and the Netherlands recorded the largest increases in production in construction on a yearly basis with 7.6% and 7% respectively while Slovenia (15%), Hungary (14.4%) and Romania (13.9%) recorded the largest decreases on year.
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