Production in the construction sector increased by 0.2 per cent in both the Euro Area and the European Union (EU) in May 2023, according to estimates from the statistical office of the European Union (Eurostat).
This is in comparison to April 2023 when production in construction declined by 0.6 per cent in the Euro Area and by 0.8 per cent in the EU. A comparison of May 2023 versus May 2022 revealed that production in construction increased by 0.1 per cent in the Euro Area and by 0.4 per cent in the EU.
In May 2023, relative to April 2023, civil engineering in the Euro Area increased by 0.1 per cent and building construction by 0.4 per cent. For the same comparable period, civil engineering in the EU rose by 0.4 per cent and building construction rose by 0.2 per cent
Belgium recorded the biggest decline
Among the member states for which data are available, the largest month-over-month decline in production in construction were recorded in Belgium (-2.8 per cent), Austria (-2.5 per cent) and Hungary (-1.7 per cent). The largest month over month increases were observed in Slovakia (+5.5 per cent), Romania and Slovenia (+3.7 per cent) and the Netherlands (+3.6 per cent).
As it relates to the annual comparison, building construction declined by 0.3 per cent, while civil engineering increased by 2.7 per cent in the Euro Area in May 2023 relative to May 2022. In the EU, building construction decreased by 0.9 per cent, while civil engineering increased by 3.0 per cent.
Among the Member States for which data are available, the largest annual declines in production in construction were observed in Hungary (-12.0 per cent), Italy (-6.5 per cent) and Sweden (-6.3 per cent). The largest annual increases were recorded in Slovenia (+24.6 per cent), Romania (+10.6 per cent) and Spain (+7.1 per cent).
Comments