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November 26, 2013

Construction falls in the European Union, but not in Spain

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According to official data of the European statistics agency Eurostat, for the last year construction activity fell by 0.2% in countries with a single currency euro, but at the same time in Spain increased by 6.1%. Only Hungary has been able to circumvent this Spanish record for the last 12 months. In September compared to August 2013 registered a decline of 1.3 % instead registered a 0.3% rise the previous month.

Active construction companies in the euro zone are not characterized by higher activity in 2013, that can not be said about Spain in this case.

This is evidenced by data from the European Institute of Statistics, Eurostat. In September 2013, the index of construction activity in the euro area was 1.3% less than in August 2013, when this same index registered a 0.3% rise. On interannual construction activity indicators in the EU increased by 0.2% compared with September 2012.

However, the construction companies in Spain are in more vigorous activity than their European colleagues, as evidenced by the increase in construction activity in Spain by 0.3 % in September 2013.

When compared with the previous month in 2013, it turns out that in the euro area the construction activity fell by 0.2% , while in Spain it increased by 6.1%, the second leading figure among the 28 countries included in the European Union.

European Institute for Statistics, Eurostat also provided data for countries in the euro zone in September 2013. From the data obtained it can be concluded that in 6 countries and increased construction activity in 9 countries – has decreased in comparison with the previous month. The most notable increase was made in Slovenia (+6.2 %), Slovakia ( +1.6% ) and Hungary ( 0.8 %). At the same time the most notable decrease in construction were registered in Portugal (-12.3 % ), Romania ( -6.9 %) and the Czech Republic (-4.6% ).

Compared with September 2012, the most impressive cumulative incidence belong Portugal (-14.9 %), the Czech Republic ( -11.8 %) , Slovenia ( -7.9 % ) and Italy ( -6.1 %). A construction increased the most in Hungary ( +9.3% ), Spain ( 6.1 %) and the UK ( +4.6 %).

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