EU construction industry shrinks
The EU construction industry continued to shrink in February, official figures have shown
Data from EU statistical office Eurostat revealed that output across the 27 member states fell 0.4 per cent from January to February this year.
Seasonally adjusted production registered 90.45 on the Eurostat index, its lowest point for more than 16 years.
As ever, there were bright spots amid the cross-continent gloom. Construction output grew by 8.7 per cent in France, 7.8 per cent in Bulgaria, 7.1 per cent in Hungary and 6.2 per cent in Germany.
But the biggest falls were more dramatic – 20.9 per cent in Portugal, 13.1 per cent in Poland, 11.3 per cent in Slovenia and 7.8 per cent in the Netherlands.
UK output was up 0.3 per cent.
Overall output was 1.1 per cent lower in February 2013 than in the same month a year earlier.
Building construction was 0.8 per cent lower year-on-year, while civil engineering work was 1.4 per cent down.