Construction Retreats in Euro Area, EU

Source: Eurostat

The construction sector in both the Euro area and the European Union retreated in August, dragged mainly by the decline in civil engineering and building activities during the month.

• Seasonally adjusted total construction production in the Euro area declined by 1.3%, and 1.8% in the European Union. 
• Building output declined by 1.3%, while civil engineering output declined by 1.9% in the Euro area.
• Bigger declines were seen in the European Union, where building output fell 2.1% and civil engineering down 1.4%.
• The biggest monthly decreases in production were seen in Sweden, Hungary, and Germany.
• The biggest monthly climbs were in Portugal, Slovakia, and Poland.
• The largest annual declines were in construction in Spain, Romania, Slovenia.
• The biggest annual increases occurred in Hungary, Poland, and Finland.