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Construction outlays fall in Europe

BRUSSELS, Dec. 19 (UPI) -- The European Union's statistical office Eurostat said construction spending fell 1.4 percent in the eurozone in October.

The eurozone designates the 17 member states that use the euro as currency. In the full European Union, comprised of 27 member states, construction was down by 1.3 percent month-to-month, Eurostat said.

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From a year earlier, construction outlays fell by 2.8 percent in the eurozone and 2 percent in the 27-member European Union.

In a state-by-state comparison, Eurostat said construction spending fell sharpest in Slovenia, down 14.1 percent, followed by Portugal, down 9.7 percent.

Construction spending rose the highest in Sweden, up 1.1 percent, followed by a Britain, where spending on construction projects rose 0.6 percent.

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