European construction sector

The construction sector's seasonally adjusted production decreased by 1.1 per cent in the euro area in November 2008, compared to previous month, and by 4.7 per cent year-on-year, according to figures published by Eurostat, the Statistical Office of the European Communities...

Monthly comparison
Among the Member States for which data are available for November 2008, construction output rose in three, fell in eight and remained unchanged in Germany and the United Kingdom. The increases were registered in Sweden (+1.2 per cent), Slovakia (+1.1 per cent) and Romania (+0.8 per cent). The largest decreases were recorded in Slovenia (-20.3 per cent), Portugal (-6.5 per cent) and Bulgaria (-6.1 per cent).

Annual comparison
Among the Member States for which data is available for November 2008, construction output rose in five and fell in eight. The highest increases were recorded in Slovakia (+16.5 per cent), Romania (+13.8 per cent) and Poland (+7.0 per cent). The largest decreases were registered in Spain (-9.7 per cent), Slovenia (-8.2 per cent) and the United Kingdom (-6.3 per cent). Overall, building construction decreased by 4.2 per cent in the EU in November.

Source: www.homesoverseas.co.uk/news