21/11/2014 – El Mundo
Definitely, Spain has become the main engine of the European construction. Once again in September, Spanish building production (both residential and civil) ranked the first rated from year-on-year growth seen in the Old Continent. Precisely, it went up by 9.1%, as Eurostat claims. Though, the percentage is lower than the 22% rise in August.
The second position after Spain is taken by the Czech Republic (up 8.2%) and third by Hungary (+7.3%). On the other side, construction activity ceased most in Italy (down 10.6%), Portugal (-5.2%), France (-3.4%) and the Netherlands (-3.1%).
Considering the Eurozone and the European Union (EU) as a whole, building production also fell, by 1.7% and 0.4% respectively.
Studying closely the data on monthly change (September over August), it turns out the activity in the Eurozone declines by 1.8%, while in the EU it rises by 0.9%.
By countries, basing on the data available, the biggest month-on-month decrease was seen in Slovenia (down 8.6%), Italy (-5.4%), Sweden (-3.2%) and France (-2.3%). On the contrary, the construction sectors advanced most in Romania (up 7.9%), the Czech Republic (+2.7%) and Bulgaria (+2.4%).
Original article: El Mundo
Translation: AURA REE
Source: AURA Real Estate Experts