European Construction Activity Plunges in June but Remain Elevated from Prior Year

European Construction Activity Plunges in June but Remain Elevated from Prior Year

(Eurostat) Construction sector production fell by 1.7% in the euro area and by 1.2% in the EU in June from May. Construction production had shed 0.4% in the euro area and 0.2% in the EU in May 2021.

Production in the construction sector

On a year-over-year basis, construction production rose 2.8% in the euro area and 3.5% in the EU in June.

Building construction fell by 1.9% in the euro area while civil engineering declined by 0.2% in June from May. Building construction and civil engineering were down 1.4% and 0.4%, respectively, in the EU in the same period. 

Compared to June 2020, building construction and civil engineering rose by 3.1% and 2.2%, respectively in the euro area. Building construction rose by 3.8% while civil engineering increased by 2.6% in the EU in the same period.

On a monthly basis, production decreased in the construction sector were the largest in Slovakia at 6.5%, Spain at 3.6%, and Austria which fell by 3.3%. The largest increases were noted in Slovenia at 4.8%, Hungary at 3.6%, while Romania posted a 2.0% jump.

On a year-over-year basis, the highest increases in construction production were noted in Hungary at 27.7%, Romania, and Austria at 10.2% and 10.0%, respectively. Spain, Germany, and Belgium recorded the highest decreases at 10.6%, 1.6%, and 0.6%, respectively.

DAX is down -0.016%, EURUSD is up +0.07%.

Our Experts


Daniel Michelson

Daniel is a long term investor and position trader in the forex market.

Reva Green

Reva Green is the Senior Editor for website. An experienced media professional, Reva has close to a decade of editorial experience with a background.

Shandor Brenner

Shandor Brenner, an experienced writer at fxaudit.com, brings a wealth of knowledge with over 20 years in the investment field.

Leave a Reply

CAPTCHA ImageChange Image