European construction output dives
Construction output fell across the European Union in January, official figures have revealed
Seasonally-adjusted figures show work in the sector was 4.1 per cent lower in the first month of this year than in the last month of 2011, according to EU statistical office Eurostat.
The largest recorded monthly decrease was a 20.1 per cent fall in output in the Czech Republic, while the greatest increase was in Slovenia, which posted a 17.4 per cent hike in production.
Building construction dropped by 4.6 per cent across the 27 member states in January, while civil engineering output fell by 2.2 per cent.
A poll by the Royal Institution of Chartered Surveyors (RICS) earlier this year found that Germany was the only European country expecting an improvement in the value of commercial property in the first quarter of 2012.
Meanwhile, the Quarter Four (Q4) 2011 Architectural Barometerby market research body Arch-Vision showed that German architects’ combined turnovers and order books were up on the previous quarter.
Practices in Holland, France, Spain and Italy reported falling average turnovers and order books, dramatically so in the latter two cases. ENDS