facebook
twitter
rss
account
search
search
 

Construction outlays up in Europe

Oct. 17, 2012 at 12:40 PM   |   Comments

BRUSSELS, Oct. 17 (UPI) -- Construction spending rose modestly in Europe in August, the European Union's statistical office Eurostat said Wednesday.

Spending rose 0.7 percent in the 17-member eurozone compared with July. In the 27-member European Union, spending rose 0.2 percent month to month, the data office said.

Compared to August 2011, however, spending fell in both the eurozone and the EU, dropping 5.5 percent and 6.8 percent, respectively, Eurostat said.

On an annual basis, construction outlays fell furthest in Portugal, Slovenia and Slovakia, down 17.3 percent, 14.8 percent and 11.9 percent, respectively. Construction made gains of 5.1 percent in Romania, 1.3 percent in Bulgaria and 1 percent in Sweden, representing the sharpest annual declines.

© 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
Boeing announces job relocations, business unit consolidation Boeing announces job relocations, business unit consolidation
2
Outrage over FERC decision on LNG exports Outrage over FERC decision on LNG exports
3
Thales US supplying ATC aids to Saudi Arabia National Guard Thales US supplying ATC aids to Saudi Arabia National Guard
4
Some iPhone users getting checks for liquid damage Some iPhone users getting checks for liquid damage
5
Exxon says it's safe from Russian sanctions Exxon says it's safe from Russian sanctions
Trending News
x
Feedback