Slovenia rockets ahead as Euro construction output falls
Slovenia saw the largest rise in construction output in Europe in June, research has revealed
While Sweden and Spain also grew, production fell by a seasonally adjusted 1.7 per cent from May across the 27 companies in the European Union.
According to Eurostat, the Statistical Office of the European Communities, there were huge regional deficiencies with Romania seeing a 10 per cent drop, Poland 2.4 per cent and Germany 2.0 per cent.
However output soared by 6.8 per cent in Slovenia, and rose 1.3 per cent in Spain and 1.1 per cent in Sweden.
White Arkitekter chief executive Monica Von Schmalensee told AJ that much-needed infrastructure projects in Sweden were keeping the sector buoyant.
‘Healthcare and infrastructure projects are up because we have not had any in Sweden for so long,’ she said.
‘The Swedish economy is also quite strong at the moment compared with elsewhere in Europe.’
Von Schmalensee said White had secured a raft of quality projects recently but that the outlook for the sector as a whole was less certain as the global economic crisis rumbled on. (Pictured above, White arkitekter’s Apple Orchard scheme in Gothenburg).
Sweden was one of only three countries to see year-on-year growth in June, alongside Germany and Romania.
The eurozone in particular has been looking bleak for some time.
The Royal Institution of Chartered Surveyors has predicted a five per cent fall in the region’s construction output this year and a similar contraction in 2013.
Broadway Malyan chairman Stuart Rough last month told AJ he did not expect a turnaround in the eurozone for at least two years.
‘Our Lisbon and Madrid offices have been kept really busy with work in Latin America,’ he said. ‘The opportunities here are far reduced and will be for some time.’