Analytics, Construction, EU – Baltic States

International Internet Magazine. Baltic States news & analytics Tuesday, 24.11.2020, 10:42

Latvia records EU's sharpest fall in construction output volume in Q1

Nina Kolyako, BC, Riga, 19.05.2010.Print version
Construction output volume in Latvia reduced 43.4% in the first quarter year-on-year, with Latvia registering the biggest fall among all European Union member states, the EU statistical office Eurostat informs.

Construction output in Lithuania dropped 42.9%, whereas Bulgaria recorded a 25.9% fall, writes LETA.


Construction output volume of the entire EU decreased 6.5%, including a 9.6% fall in eurozone countries.


Only Sweden and Great Britain reported increases in construction output in the first quarter – 3.9% and 5%, respectively.


Compared to the fourth quarter of 2009, construction output in Latvia fell 1%.


For the entire EU, the decrease was 1.9%, and even 4.2% in the euro area.

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