Construction output across Europe takes a plunge
Construction output has plunged across Europe with 13 of 16 countries measured suffering falls in September
Portugal, which recorded construction growth of 9.8 per cent in August, saw these gains swiftly wiped out by a 13.4 per cent drop in September.
Italy’s industry shrunk by 8.0 per cent; Romania’s by 4.0 per cent; and the UK’s by 3.0 per cent.
Across the 16 EU countries with data available, construction output was down a seasonally adjusted 1.8 per cent month-on-month – its greatest fall since April.
Slovenia continued to charge ahead unrestricted by the economic problems around it, however – posting an incredible 17.1 per cent hike in output.
Sweden saw output rise by 1.0 per cent, and Germany by 2.7 per cent.
These two countries were the only ones to see higher output in September 2012 than in the same month a year earlier.
In fact the overall figures were even worse for architects than they first appear. The sector was held up by an increase in output in the civil engineering sector.
The buildings industry shrunk 2.5 per cent from August to September 2012 as the continent’s economic woes continued to deepen.
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