Analytics, Construction, EU – Baltic States, Statistics
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Friday, 26.04.2024, 17:03
Latvia records EU's biggest drop in construction output in Q3
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Poland's production in construction decreased 17.6%,
Slovakia recorded a 16.8% decrease, Hungary - 13.1%, Slovenia - 12.7%,
Lithuania -11.3%, Bulgaria -10.7%, Czech Republic - 8.4%, Portugal - 3.4%,
Romania - 2.3%. Construction output in the other eighteen EU member countries
was higher than in the third quarter of 2015.
The biggest increases were registered in Greece (77.3%),
Ireland (22%), Cyprus (12.1%), Netherlands (10.6%) and Sweden (10.4%).
Construction output in Estonia in the third quarter last year was 0.5% higher
than in the third quarter of 2015.
Construction output in the EU increased 2% year on year,
while the eurozone recorded 3% increase. Quarter on quarter, construction
output in the EU rose 0.7% and in the euro area 1.3%.
Compared to the second quarter of 2016, construction output
decreased in eleven EU countries in the third quarter. Slovakia recorded the
steepest reduction (7.5%), followed by Poland (6%), Romania (4.5%) and Latvia
(3.9%). Production in Lithuanian construction sector decreased 1.6%, while
Estonia registered 1.5% reduction. The biggest increases were reported by
Greece (11.6%) and Hungary (6.4%).
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