Euro Construction Production Rises In November

The Euro construction production expanded in both the Euro Area and the EU28 in November from the previous month, first estimates from Eurostat revealed.

While the Euro Area’s construction production grew 0.5 percent, the EU28 recorded an expansion of 0.6 percent in the month. The latest data came on the back of a 0.3 percent fall in construction production in the Euro Area and 0.5 percent in the EU28 in October.

On a year-on-year basis, both the zones have witnessed 2.7 percent increase in production in construction in November.

The monthly expansion in the Euro Area was attributed to 1.1 percent increase in civil engineering activity and 0.3 percent growth in building construction. Similarly, in the EU28, 0.8 percent expansion was seen in building construction while civil engineering fell 0.3 percent.

Poland recorded the biggest growth of 3.2 percent followed by 2.2 percent in Slovenia and 1.8 percent in Netherlands. Hungary and France witnessed a fall of 1.5 percent and 0.6 percent respectively.

“The increase of 2.7% in production in construction in the euro area in November 2017, compared with November 2016, is due to civil engineering rising by 3.0% and building construction by 2.7%,” the release added.

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