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Macroeconomic indicator - Euro area construction output surged in November
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Tuesday, 24 Jan 2012
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According to the data published by Eurostat and the National Institute of Statistics, in the construction sector, seasonally adjusted production rose by 0.8% MoM in the euro area and by 0.4% MoM in the EU 27 in November 2011 as compared with the previous month. In October 2011, production fell by 1.4% in the euro area and by 0.9% in the EU 27. Compared with November 2010, output in November 2011 increased by 0.2% in the euro area and by 0.7% in the EU 27.

Among the Member States for which data are available for November 2011, construction output rose in eleven and fell in Spain and Slovakia (both -0.7%) and Bulgaria (-0.3%). The highest increases were registered in Slovenia (+23.1%), Hungary (+7.4%) and Germany (+4.5%).

Building construction increased by 0.4% in the euro area and by 0.8% in the EU 27, after -1.2% and -1.1% respectively in October. Civil engineering fell by 0.6% in the euro area, but rose by 0.1% in the EU27, after -1.6% and -1.2% respectively in the previous month.

Among the Member States for which data are available for November 2011, construction output rose in six and fell in eight. The highest increases were registered in Romania (+16.9%), Poland (+14.7%) and Germany (+9.9%), and the largest decreases in Portugal (-12.2%), Bulgaria (-10.2%) and Slovenia (-10.0%).

Building construction increased by 0.5% in the euro area and by 0.3% in the EU27, after -2.3% and -1.7% respectively in October. Civil engineering fell by 2.6% in the euro area, but rose by 1.3% in the EU27, after -3.3% and +0.1% respectively in the previous month.

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