Construction falls by 6.6% in Europe
Production in the construction sector in Europe fell by 6.6% between March and April, according to the European Union’s statistical office, Eurostat, with the largest monthly decrease coming from the UK.
The latest statistics from Eurostat reveal seasonally adjusted production in the construction sector fell by 6.6% in the wider 27-member European Union and by 2.7% in the eurozone in April.Compared with April 2011, production in April 2012 dropped by 5% in the euro area and by 5.1% in the EU27.
The UK saw the largest decrease in production, falling by 18.1% between March and April, followed by 9.3% contraction in Slovenia and significant falls in production in Portgual and Germany. Romania saw the biggest increase in construction production, growing by 11.5%, with 2.3% growth in France and 1.9% in Poland. Lower growth in the building construction sub-sector was the biggest detractor from production.
Earlier this month, Eurostat revealed GDP growth fell by 0.1% in the euro area and increased by 0.1% in the EU27, with construction sector contributed a 2.9% decline in GDP and gross value in the EU17 and 2.8% in the EU27 in the first quarter.
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