Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

EU construction back in decline

  • 1 Comment

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.

  • 1 Comment

Readers' comments (1)

  • Great that the parliamentarians can only find minority interests to pass the time: reform of The House of Lords, same sex marriage and discrimination against those suffering from mental health problems.
    Our economy and construction industry decline beyond the point of rescue the homeless are everywhere and housebuilding has stopped. even the engine of growth the city is now in decline.
    The idiots in Portcullis House fiddle while Rome burns.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.