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    Home » Euro Area Construction Output Falls 4.0% in December, Edges Down 3.1% in EU
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    Euro Area Construction Output Falls 4.0% in December, Edges Down 3.1% in EU

    February 18, 20221 Min Read
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    Eurozone’s production in the construction sector dropped by 4.0% and by 3.1% in the EU.

    • In November 2021, the production in construction had decreased by 0.2% in the euro area and rose by 0.1% in the EU.
    • On an annual basis, production in construction for 2021 rose by 5.2% in the euro area and by 4.8% in the EU, compared with 2020.
    • In December 2021, the eurozone’s building construction dropped by 4.5%, and civil engineering decreased by 1.9%. In the EU, building construction fell by 3.6% and civil engineering by 1.3%.
    • Austria leads the euro area member states with the largest monthly decreases in production in construction with (-8.1%), followed by Germany (-7.3%), and France by (-7.0%). 

    The highest monthly increases were posted in Hungary (+7.2%), Sweden (+4.6%), and Belgium (+3.2%).

    Euro stoxx 50 up +0.20%, EUR USD up +0.02%

    Source: eurostat.

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