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Poor start to the year for construction in the EU


Construction output falling by 2.2 percent in the euro area and by 2% in the European Union in January 2010 compared to the previous December, after adjustment for seasonal factors, according to Eurostat's first estimates released today. While the values for December were revised to a decline of 1 percent growth for the eurozone and by 0.8 percent reported in the EU increased from a month ago by 0.5 percent. In comparison with January 2009 construction declined by 12.5% in the Eurozone and 8.4% in the EU, show more data. Monthly comparison among member countries for which data are available in January 2010, construction declined in eight countries and is growing in Slovenia (7.1 percent), Sweden (2.7 percent) and Britain (0.9 percent). The largest decreases were recorded in the CR (-22%), Germany (-14.3%), Bulgaria and Spain (-6.1% in). Bulgaria is among the losers on a monthly and annual basis for several consecutive months. In January, the building construction will be reduced by 2.5% in the Eurozone and 0.6% in the EU after an increase of 1.2 percent and a decline of 0.7 percent in December. Civil engineering fell by 1.7% in the Eurozone and 2.3% in the EU after decreases of 2.1 percent and 0.5 percent the month earlier. Annual comparison of annual construction declined in nine countries and is increasing in Sweden (13.6 percent) and Britain (1.1 percent). The largest decreases were registered in Bulgaria (-30%), Turkey (-24.6%), Germany (-16.5%) and Spain (-14.6%). Building construction decreased by 10.6% in the Eurozone and by 7.6% in the EU after decreases of respectively 4.9% and 6.5% in December. In a civil decline from 10,5% in the eurozone and 2.9 percent in the EU after a minimum decrease of 0.2% and grew by 4.6%, respectively for the previous month. For EU Member States which produce the construction index of production, but did not provide data for the period determined Eurostat estimate the missing values to calculate the average for the eurozone and the EU. Bulgaria is among the countries for which Eurostat to calculate the seasonal adjustment factors.

Published on 2012-01-10 16:48:23
Source: Investor.bg


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