According to new figures released by Eurostat, construction declined across the euro area by 0.8% in January this year, compared with December 2011. Furthermore, across the 27 EU member states construction fell by 4.1%.
Spain recorded the third greatest fall with a decline of 11.5%, just behind Portugal with 11.9%, and Slovenia with a 19.7% decline.
Compared to December 2011, construction output fell in January 2012 in seven member states and rose in eight. The largest decreases were registered in the Czech Republic (-20.1%), the United Kingdom (-13.8%) and Italy (-7.8%), and the highest increases in Slovenia (+17.4%), Germany (+4.3%) and Portugal (+2.5%).
Building construction dropped by 1.5% in the euro area and by 4.6% in the EU27, after -0.3% and -3.3% respectively in December 2011. Civil engineering rose by 1.6% in the euro area, but fell by 2.2% in the EU27, after -3.9% and -3.5% respectively in the previous month.
Compared to January 2011, construction output fell in nine and rose in six member states in January 2012. The largest decreases were registered in Slovenia (-19.7%), Portugal (-11.9%) and Spain (-11.5%), and the highest increases in Poland (+34.2%), Romania (+14.9%) and Sweden (+7.3%).
Building construction declined by 0.9% in the euro area and by 0.8% in the EU27, after +9.4% and +7.3% respectively in December 2011. Civil engineering decreased by 1.7% in the euro area and by 1.4% in the EU27, after +9.1% and +12.4% respectively in the previous month.
The production index in construction approximates the evolution of output within the sector, broken down into building construction and civil engineering. For the Member States which produce the construction index, but do not provide data for the reference period, Eurostat estimates missing values in order to calculate euro area and EU aggregates.
You can see the full report here: Construction Output Down by 0.8% in euro area