EU Construction Rises By 3% From Jan To Feb
A lot can change in the construction industry over the course of a month, and after production in the euro area fell by 0.8 per cent in January, it has gone on to rise by three per cent the following month.
This data comes from Eurostat’s Construction Production Index, which looks at the construction production in the euro zone.
It found significant improvements between January and February in the euro area, while production had also increased by 2.3 per cent in the EU28.
In January, production in construction had fallen by 0.6 per cent in the EU28 area, according to the statistics office from the European Union.
City AM reported that while Britain’s construction sector played an important part in the industry in January – growing 3.5 per cent in the new year – it slowed to 0.4 per cent the following month.
These figures correspond to data from the Office for National Statistics (ONS), which revealed all-work series increased by 2.8 per cent in January. This follows a decline of the same percentage points in December.
Despite this, its three-month on three-month all-work series figures were less positive, revealing a decline of 0.6 per cent in construction output in January and a drop of 1.9 per cent of new orders in the last quarter of 2018.
However, according to the Eurostat figures, Germany had a very successful month in February, with its construction sector improving by 6.8 per cent compared with January.
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