facebook
twitter
rss
account
search
search
 

In Europe, construction spending drops

April 18, 2012 at 12:03 PM   |   Comments

BRUSSELS, April 18 (UPI) -- Construction spending fell sharply in Europe in February, the European Union's statistical office Eurostat said Wednesday.

The spending declined 7.1 percent compared to January in the 17-member eurozone and 3.7 percent in the 27-member European Union, the data office said.

Spending on building construction dropped 6.7 percent in the eurozone and 2.9 percent in the EU. Spending on civil engineering fell 9.6 percent month-to-month in the eurozone and 10.1 percent in the larger EU.

Construction outlays fell furthest in Germany -- down 17.1 percent. Spending also fell 10.3 percent in Slovenia and 9.9 percent in Italy.

On an annual basis, spending on construction is down farthest in Slovenia with spending off 27.5 percent. That is fallowed by Italy (off 23 percent) and Germany (off 21.4 percent).

On a 12-month basis, construction spending is up 13.4 percent in Poland, 5.2 percent in Romania and 3.6 percent in Sweden.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback