Production in construction up by 0.8% in the euro area and by 1.3% in the EU

February 21, 2024
Source:
Eurostat/Fordaq
Views:
21
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In December 2023, compared with November 2023, seasonally adjusted production in construction increased by 0.8% in the euro area and by 1.3% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In November 2023, production in construction fell by 0.4% in the euro area and by 0.5% in the EU.

In December 2023 compared with December 2022, production in construction increased by 1.9% in the euro area and by 2.4% in the EU.

The annual average production in construction for the year 2023, compared with 2022, increased by 0.2% in the euro area and by 0.1% in the EU.

Monthly comparison by construction sector and by Member State

Among Member States for which data are available, the highest monthly increases in production in construction were recorded in Romania (+10.3%), Poland (+8.5%) and Hungary (+5.0%). The largest decreases were observed in Slovakia (-10.0%), Germany (-3.4%) and Austria (-1.9%).

Annual comparison by construction sector and by Member State

In the euro area in December 2023 compared with December 2022 building construction increased by 1.3% and civil engineering increased by 4.7%.

Among Member States for which data are available, the highest annual increases in production in construction were recorded in Romania (+30.7%), Poland (+18.9%) and Belgium (+10.7%). The largest decreases were observed in Slovakia (-10.4%), Austria (-8.7%) and Sweden (-6.1%).