Down 1.3% in Euro Area and 1.2% in EU

The Statistical Office of the European Union (Eurostat) is reporting that production in construction in continental Europe has declined over the period May to June 2022.

According to the latest estimates from Eurostat, in June 2022 production in the construction sector decreased by 1.3 per cent in the Euro Area and by 1.2 per cent in the European Union (EU). In May 2022, production in construction decreased by 0.3 per cent in the Euro Area, while it rose by 0.1 per cent in the EU.

A comparison of June 2022 versus June 2021 revealed that production in construction increased by 0.1 per cent in the Euro Area and by 0.6 per cent in the EU. In June 2022, relative to May 2022, civil engineering in the Euro Area decreased by 1.3 per cent and building construction by 1.2 per cent.

MONTH OVER MONTH DECREASES

For the same comparable period, civil engineering in the EU decreased by 1.4 per cent and building construction by 1.2 per cent. Among the member states for which data are available, the largest month over month decreases in production in construction were recorded in Hungary (-5.2%), Slovakia (-5.0%) and Austria (-4.8%).

Increases were observed in Slovenia (+1.7%), The Netherlands (+1.0%) and Finland (+0.2%). As it relates to the annual comparison, civil engineering decreased by 0.2 per cent, while building construction increased by 0.1 per cent in the Euro Area in June 2022 relative to June 2021.

In the EU, civil engineering increased by 0.1 per cent and building construction by 0.8 per cent. Among the member states for which data are available, the largest annual decreases in production in construction were observed in Slovenia (+27.2%), Poland and Romania (both +5.9%) and The Netherlands (+4.7%).

The largest decreases were recorded in Spain (-10.4%), Hungary (-8.1%) and Austria (-6.8%).