Growth in construction in the eurozone reached a two-year high in February


In February, an increase in construction volumes of 3% was recorded in the eurozone compared to the previous month, when they decreased by 0.8%, Eurostat reported. This was the highest increase since February 2017. Compared with the same month of 2018, the figure rose by 5.2% after a decline of 0.1% a month earlier. The largest annual growth - by 6.4% - was shown by civil construction, while the growth in the volume of construction of other objects increased by 2.1%. Eurostat data also indicated a 2.3% increase in construction volumes in EU countries compared to January and 4.9% compared with the same month a year earlier. Over the month, the index rose the most in Slovenia, an increase of 11.9%. The annual growth rate was the most significant in Hungary, where construction volumes jumped 48.1%. A decline in monthly terms was observed in Spain, the Czech Republic and Finland. In annual terms, the figure fell in Spain and France.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong