facebook
twitter
rss
account
search
search
 

Construction spending drops in EU

Jan. 17, 2013 at 11:32 AM   |   Comments

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.

© 2013 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
Scotland was tricked, 'yes' backers say Scotland was tricked, 'yes' backers say
2
Iraq relying on oil wealth from Basra Iraq relying on oil wealth from Basra
3
Arctic oil bound for Europe, Gazprom Neft says Arctic oil bound for Europe, Gazprom Neft says
4
Iran could retool pipeline for Pakistan Iran could retool pipeline for Pakistan
5
Report: MENA unprepared for climate change Report: MENA unprepared for climate change
Trending News
Video
x
Feedback