facebook
twitter
search
search

Construction spending drops in EU

Jan. 17, 2013 at 11:32 AM

BRUSSELS, Jan. 17 (UPI) -- Construction spending dropped in Europe in October, the European Union's statistical office Eurostat said Thursday.

Spending dropped 0.4 percent in the 17-member eurozone compared with September 0.9 percent in the 27-member European Union, the data office said.

Compared to October 2011, however, spending declined 4.7 percent in the eurozone and 5.9 percent in the EU, Eurostat said.

On an annual basis, construction outlays fell furthest in Slovenia with outlays down 20.4 percent. In Italy and Portugal, spending fell 17.9 percent.

With spending up 10.3 percent, Spain had the sharpest increase in construction spending in the EU. In Sweden, spending rose 1.5 percent, putting it in a distant second behind Spain.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Finland orders anti-tank weapon from Saab
Oil prices drop on Greek, Iran concerns
Orbital ATK's artillery guidance kit passes milestone test
Fourth MUOS arrives in Florida for August launch
Australia approves funds for continued C-RAM systems