EU: Production in construction down

Wednesday, 19 Sep 2012, 12:35

 

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Employment construction in Malta dropped by 5% according to the National Statistics Office data issued in June 2012. Compared to the fourth quarter of 2011, seasonally adjusted data on employment and gross wages and salaries declined by 1.5% and 0.5% respectively, while hours worked edged up by 0.2%.

Seasonally adjusted data for which new permits were granted increased by 1.9% over the previous quarter. Whereas permits for two or more dwelling residential buildings rose by 11%, these dropped by 16.5% for one-dwelling residential buildings.

According to Eurostat, the statistical office of the EU, in the construction sector, seasonally adjusted production fell by 0.3% in the euro area (EA17) and by 0.2% in the EU27 in July 2012, compared with the previous month. In June 2012, production decreased by 0.6% and 1.4% respectively. Compared with July 2011, production in July 2012 dropped by 4.7% in the euro area and by 6.1% in the EU27. Malta registered 1.4% in the second quarter of 2012, however no data was available for July 2012.

Among the Member States for which data are available for July 2012, production in construction fell in ten and rose in five. The largest decreases were registered in Italy (-2.2%), Spain (-2.1%) and Sweden (-1.1%), and the highest increases in Hungary (+8.7%), Germany (+1.9%), Bulgaria and the Czech Republic (both +1.6%).

Building construction dropped by 0.8% in both the euro area and the EU27, after -0.2% and -1.1% respectively in June 2012. Civil engineering rose by 1.1% in the euro area and by 0.7% in the EU27, after -0.4% and -2.0% respectively in the previous month.

Among the Member States for which data are available for July 2012, production in construction fell in twelve and rose in three. The largest decreases were registered in Slovenia (-18.3%), Portugal (-18.2%), Spain (-16.1%) and Italy (-14.2%), and the increases in Hungary (+7.7%), Bulgaria (+3.0%) and Germany (+2.2%).

Building construction declined by 4.6% in the euro area and by 5.4% in the EU27, after -2.8% and -5.0% respectively in June 2012. Civil engineering decreased by 3.3% in the euro area and by 8.0% in the EU27,aftern -3.5% and -8.4% respectively in the previous month.

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