Spain´s Construction Rises by 23.9%

24/04/2014 – El Mundo

Reactivation of the construction sector is just behind the corner. Eurostat provides the latest report on the European market of builders, according to which Spain improved its production by 23.9% in February, comparing to the same month a year before.

Olny Slovenia (33.1%) and Hungary (28.3%) performed better. On the fourth and fifth positions there rank Poland (14.4%) and Germany (14.1%). Whereas on the other end one may find Romania with decline of 14.7%, Portugal with 11.5% and Italy with 7.9%.

In year-on-year terms, in February the eurozone saw a 6.7% appreciation in construction activity, while in the entire European Union the rise marked 5.5%. 

In the eurozone countries the increase has been pushed by a 6.6% advance in building construction and a 7.6% rise in civil engineering. In case of the EU, the appreciation was equal to 5.9% and 3.9% respectively. 

In month-on-month terms, the building production in February showed a slight +0.1% in both aforementioned areas. In January, the figures post +1.6% in the eurozone and +1.4% in the EU.

The highest increases in month-on-month production were registered in Poland (17.4%), Hungary (8.2%) and Spain (3%), whilst the sharpest falls in Slovenia (-4.9%), Italy (-3.7%) and in the UK (-2.8%).

 

 

Original article: El Mundo

Translation: AURA REE

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