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.
|Additional Business News Stories|
BUENOS AIRES, May 21 (UPI) --To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
MUSCAT, Oman, May 21 (UPI) --The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.