Euro area construction output down 0.9 percent in May from April

Monday, 22 July 2024 12:15:43 (GMT+3)   |   Istanbul

According to first estimates released by Eurostat, the Statistical Office of the European Union, in May this year the seasonally-adjusted production of the construction sector in the European Union member states (EU-27) decreased by 1.0 percent compared to April and fell by 2.5 percent compared to the same month of 2023. In April, production in the construction sector had remained stable month on month.

In the euro area, the seasonally-adjusted production of the construction sector in May went down by 0.9 percent month on month and by 2.4 percent year on year. In April, production had increased by 0.4 percent month on month.

Building construction in the EU-27 in May moved down by 0.9 percent month on month and decreased by 4.8 percent year on year, while civil engineering output in the region went down 1.5 percent month on month and decreased by 0.8 percent year on year. In the euro area, building construction was down 1.0 percent compared to the previous month and decreased by 4.8 percent year on year, while civil engineering output in the region fell by 0.6 percent month on month and by 0.4 percent year on year.

As compared to April, construction output in May increased by 1.9 percent in Finland, by 1.1 percent in Bulgaria, and by 0.3 percent in Slovakia and Spain, while it decreased by 5.1 percent in Czechia, by 4.1 percent in Romania and by 3.8 percent in Hungary.

As compared to May 2023, construction output in May this year increased by 7.3 percent in Hungary, by 4.4 percent in Bulgaria and by 1.1 percent in Denmark, while it decreased by 7.5 percent in Sweden, by 7.4 percent in Slovenia and by 7.0 percent in Germany.


Similar articles

EUROFER: EU construction output down 1.6 percent in Q4 2024

11 Jun | Steel News

Euro area construction output up 0.1 percent in March from February

21 May | Steel News

Euro area construction output down 0.5 percent in February from January

24 Apr | Steel News

Euro area construction output up 0.2 percent in January from December

21 Mar | Steel News

Euro area construction output up 0.6 percent in December from November

21 Feb | Steel News

EUROFER: EU construction still reeling from high interest rates

11 Feb | Steel News

Euro area construction output up 1.2 percent in November from October

22 Jan | Steel News

Euro area construction output up one percent in October from September

23 Dec | Steel News

Euro area construction output down 0.1 percent in September from August

22 Nov | Steel News

EUROFER: EU construction sector output to fall 1.3 percent in 2024, recovery expected in 2025

01 Nov | Steel News