Construction output down by 1.0% in the euro area

Published: 19 May 2009 y., Tuesday

Darbininkai
In the construction sector, seasonally adjusted production1 decreased by 1.0% in the euro area2 (EA16) and by 2.1% in the EU272 in March 2009, compared with the previous month. In February3, production declined by 0.6% and 0.2% respectively.

Compared with March 2008, output in March 2009 dropped by 8.7% in the euro area and by 10.5% in the EU27.

Monthly comparison

Among the Member States for which data are available for March 2009, construction output rose in six, fell in five and remained stable in Slovakia. The most significant increases were registered in Germany (+7.6%), Portugal (+3.8%) and Romania (+1.7%), and the largest decreases in Spain (-5.5%), Sweden (-2.3%) and the United Kingdom (-1.1%).

Building construction decreased by 1.6% in the euro area and by 3.0% in the EU27, after -0.6% and -0.3% respectively in February. Civil engineering increased by 2.2% in the euro area and by 0.6% in the EU27, after -1.7% and -1.2% respectively in the previous month.

Annual comparison

Among the Member States for which data are available for March 2009, construction output fell in ten and rose only in Germany (+5.3%) and Poland (+0.1%). The largest decreases were registered in Spain (-20.3%), Sweden (-17.7%) and the United Kingdom (-15.2%).

Building construction decreased by 11.7% in the euro area and by 12.6% in the EU27, after -9.9% and -10.3% respectively in February. Civil engineering increased by 0.2% in the euro area but fell by 4.1% in the EU27, after -5.8% and -5.0% respectively in the previous month.

 

Šaltinis: www.europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Gas Coordination Group sees overall good level of preparedness of EU Member States and Energy Community countries in case of gas crisis

The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010. more »

Joint statement by Commission and IMF after European Banking Coordination Initiative Meeting for Romania

In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates. more »

Lithuania and Vilnius Turning to a More Inviting Destination

Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year. more »

Commission approves restructuring plan of Lloyds Banking Group

The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group. more »

"Finance and climate change" - a challenge for the future

"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee. more »

IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius

The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank. more »

The new ten winners of Danske Bankas scholarships for the 2009–2010 academic year determined

After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established. more »

Bank SNORAS begins distributing “Finasta Asset Management” II level pension funds

From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank. more »

Baltic Rim Outlook: uneven recovery

The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region. more »