• Eurozone сonstruction output fell sharply in December

Market news

17 February 2021

Eurozone сonstruction output fell sharply in December

According to the report from Eurostat, in December 2020 compared with November 2020, seasonally adjusted production in the construction sector decreased by 3.7% in the euro area and by 3.3% in the EU. In November 2020, production in construction increased by 2.3% in the euro area and by 1.8% in the EU.

In December 2020 compared with December 2019, production in construction decreased by 2.3% in the euro area and by 2.1% in the EU.

The annual average production in construction for the year 2020, compared with 2019, fell by 5.7% in the euro area and by 5.0% in the EU.

In the euro area in December 2020, compared with November 2020, building construction decreased by 3.8% and civil engineering by 3.4%. In the EU, building construction decreased by 3.3% and civil engineering by 3.1%.

Among Member States for which data are available, the largest decreases in production in construction were recorded in Slovenia (-13.1%), France (-8.6%) and Germany (-3.2%). Increases were observed in Slovakia (+9.1%), Romania (+2.2%), Poland (+1.9%) and Spain (+1.8%).

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