Analytics, Construction, EU – Baltic States, Good for Business, Real Estate
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 22:05
Latvia records one of biggest rises in construction output in EU in Q2
The biggest increases were registered in Hungary (28.4%), Sweden (18%), Estonia (17.6%), Slovenia (17.2%), Malta (11.8%), Poland (10.4%). Construction output in Lithuania in the second quarter this year was 6.4% higher than in the second quarter of 2016.
In six countries construction output was lower in the said period compared to the respective period last year – Romania (-11.4%), Greece (-1.1%), Italy (-0.7%), and the UK (-0.4%).
Construction output in the EU increased 3.7% year on year, while the eurozone recorded 3.6% increase. Quarter on quarter, construction output in the EU rose 1.3% and in the euro area 1.5%.
Compared to the first quarter of 2017, construction output increased 4.9% in Latvia, while Sweden reported a 7.6% rise, Malta had a 7.2% rise, Slovenia had a 6.9% rise. Lithuania reported 0.5% rise in construction output. Construction output declined in seven EU member states, including by 1.8% in Estonia.
There are no data available about Ireland and Cyprus.