EU construction back in decline
European Union construction output has plunged again
Production fell by a seasonally adjusted 0.9 per cent across the 27 member states in November 2012, according to official figures.
This followed a brief respite in October when construction output rose.
It comes just weeks after David Cameron’s proposal to hold a referendum on the UK’s membership of the EU.
The UK suffered the second worst fall in November with production down 2.7 per cent on the previous month.
Only Italy fared worse of the countries with data available – seeing a decline of 3.4 per cent. Poland and Portugal also saw significant falls.
The ever-volatile Slovenian market rebounded strongly from a 23.7 per cent fall in October to post a 14.9 per cent hike in November.
Buildings work was down 1 per cent across the EU in November, while civils work increased marginally.
The news was slightly better within the eurozone, where only a 0.4 per cent month-on-month reduction was registered, than elsewhere in the EU.
Year-on-year construction production was down 5.9 per cent across the EU and 4.7 per cent in the eurozone, according to the data from EU statistical office Eurostat.
British architects last week warned that their competitiveness abroad would be badly damaged if the UK left the European Union.