European construction output jumps 3.9% in January

In January, construction output in the euro area saw a rise of 3.9%, compared with the previous month, according to latest Eurostat figures.

Photo: Oxford Economics

In this month’s euroindicators report, the statistics and data arm of the European Commission also reported that seasonally adjusted production only in the EU was up by 3.5%.

Production was also up compared with the January 2022, by 0.9% in the euro area and by 1.4% in the EU.

Month-on-month, building construction in the eurozone increased by 4.2%, with civil engineering up by 3.0%.

In its annual comparison, the eurozone figures were not so positive, with building construction up by 1.4% in January 2023, compared with January 2022. As for civil engineering, output was down -1.9%.

From a regional perspective, Eurostat highlighted the biggest uplift in production was in Germany (+12.6%), Slovenia (+9.8%) and Poland (+7.0%).

At the other end of the scale, the largest drop in production was seen in Hungary (-5.0%), Romania (-4.3%) and Belgium (-1.5%).

Image: eurostat
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