facebook
twitter
rss
account
search
search
 

Construction spending declined in Europe, report for November says

Jan. 17, 2014 at 10:03 AM   |   Comments

BRUSSELS, Jan. 17 (UPI) -- Construction production dropped in the eurozone and European Union for the third consecutive month in November, Eurostat said Friday.

The data office for the European Commission said production in construction fell 0.6 percent month-to-month in the eurozone and 1.1 percent in the EU.

In the 18-nation eurozone currency region, outlays were down 1.7 percent from November 2012. In the 28-member EU, construction spending dropped 1.6 percent from a year earlier.

Information was available from 15 countries. Among those, seven reported declining construction spending and eight reported gains.

The largest declines were in the Czech Republic where spending fell 5.6 percent month-to-month, followed by Romania and Britain with declines of 4.9 percent and 4 percent, respectively. In Hungary, construction outlays dropped 3 percent, Eurostat said.

The highest gains were posted by Slovenia, where spending rose 9.6 percent month-to-month. In Poland, spending was up 3.9 percent from October.

© 2014 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
Russian currency crashes Russian currency crashes
2
Navy tests MQ-8C unmanned helos Navy tests MQ-8C unmanned helos
3
New submarine set for commissioning New submarine set for commissioning
4
SM-6 long-range interceptors on target in U.S. Navy test SM-6 long-range interceptors on target in U.S. Navy test
5
Report: U.S. on path to energy independence Report: U.S. on path to energy independence
Trending News
Around the Web
x
Feedback