European monthly construction output up +0,2% in July
23 September 2008
Eurostat, the statistical office of the European Commission, reported a June to July increase of +0,2% in construction output in the EU27 Member States, although year-on-year 2007 to 2008 figures for July showed an overall decline of -1,8%.
Demonstrating the continued fragmentation of activity throughout Europe, construction output in ten of the EU27 countries either rose or remained static, while decreases were reported in Spain (-15,9%), Germany (-2,3%), and Portugal (-1,4%).
Activity in Europe’s newest Member States helped minimise the impact of a -3,3% fall in the Euro Zone countries so that the EU region as a whole reported the more moderate decline of -1,8%.
Much of the Central and Eastern European region continued to perform well with output growing in Romania (+28,4%), Slovenia (+17,9%), Bulgaria (+16,4%), and Poland (+16,1%), although Hungary, the Czech Republic and Estonia all faced tough second quarters reporting reductions in year-on-year output figures of -6%, -2,5% and -6,2% respectively.STAY CONNECTED
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