Construction Production Improves by 3.9% In the Euro Area and EU in Jan.

Source: Eurostat

Production in construction in the euro area and EU increased by 3.9% in January 2022, compared to a decline of 1.5% and 1.2% in December, respectively. DAX is up +0.64%, EURUSD is up +0.01%.

Building construction increased by 4.2% in January from December in the euro area, while civil engineering output rose by 1.4%. In the EU, building construction rose by 3.9%, while civil engineering was up 1.5%.

The highest monthly gains in production in construction was in Poland with a surge of 19.0%, followed by Germany and Romania. Declines were noted the highest in Hungary with a fall of 6.3%, followed by Belgium and Netherlands at -1.3% both.

Compared to January 2021, the production in construction improved by 4.1% in the euro area and 4.8% in the EU.