CEPI - European Association of Real Estate Professions

Figures published by the statistical office of the EU, Eurostat, estimate that in December 2014 compared with November 2014, production in the construction sector fell by 0.8% in the euro area (EA18) and by 0.5% in the EU28. In November 2014, production in construction fell by 0.5% in both zones. In December 2014 compared with December 2013, production in construction fell by 3.5% in the euro area and by 0.5% in the EU28. Average production in construction for the year 2014, compared with 2013, increased by 2.0% in the euro area and by 3.0% in the EU28.

The decrease of 0.8% in production in construction in the euro area in December 2014, compared with November 2014, is due to building construction falling by 1.0%, while civil engineering grew by 1.7%. In the EU 28, the decrease of 0.5% is due to building construction falling by 0.9%, while civil engineering grew by 2.6%. The largest decreases in production in construction were in Hungary (-6.5%), the Czech Republic (-3.3%) and Germany (-2.9%0, and the highest increases in Romania (+7.2%), Italy (+2.3%) and Poland (+1.0%).

The decrease of 3.5% in production in construction in the euro area in December 2014, compared with December 2013, is due to building construction falling by 4.7%, while civil engineering grew by 1.4%. In the EU28, the decrease of 0.5% is due to building construction falling by 1.6%, while civil engineering grew by 3.8%. The largest decreases in production on an annual basis were in Slovakia (-9.8%), the Czech Republic (-7.8%), France (-7.5%), Italy (-5.2%) and Germany (-4.7%), and the highest increases in Romania (+15.0%), Sweden (+9.4%), Poland (+4.8%), the United Kingdom (+4.7%) and Slovenia (+4.6%).

Further information is available from Eurostat at http://ec.europa.eu/eurostat/documents/2995521/6639446/4-18022015-AP-EN.pdf/ed3e8778-2a1e-4f70-9234-252b6be80b73