Construction output fell by 0.5% in the eurozone and in the EU in August

Construction output fell by 0.5% in the eurozone and in the EU in August



Production in the construction sector fell by 0.5% in both the euro area and the European Union (EU) as a whole last August compared to the previous month, according to data published today by the European statistical office, Eurostat.

In July, production had already fallen by 0.1% in the area of ​​the common currency, although the trend remained stable in the whole of the EU block.

In year-on-year terms, construction output increased 2.5% in August in the 19 countries of the euro and 2.3% in the whole Union, in relation to the same period of 2017.

These falls are represented, compared to July 2018, by a decrease in construction of buildings of 0.3% in the euro area and 0.5% in the EU, and by a decline in civil engineering of 1.1% in the euro countries and 0.7% in the entire EU block.

By country, the largest falls were recorded in Sweden (2.4%), Germany (1.8%) and Belgium (0.9%), and the highest increases in Eastern European countries such as Slovenia (2.8 %), Slovakia (2.5%) and Hungary (1.9%).

In Spain, production in the construction sector advanced by 0.5% in August 2018 compared to the previous month, after registering a 1% drop in July compared to the previous month.

Again in year-on-year terms, the increase is mainly due to a rise in building construction of 2.5% in the euro area and 1.6% in the EU as a whole, as well as in civil engineering, of 2.4% in the countries of the single currency and 4% in the whole.

And by country, the most significant increases took place in Slovenia (33.5%), Hungary (24.3%) and Poland (19.2%), while the biggest falls were in Romania (10.3%), Sweden (1.6%) and Bulgaria (1.2%).

Likewise, Spain also recorded a decrease of 1.2% in August compared to the same period of 2017.

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