Extraordinary surge in construction in Spain in June, growing by 7.2%
| Date: August 18, 2010 | Source: Reuters |
| Category: Business | |
Go ahead and rate this post 
Loading ... Production in the construction sector recorded in June rose by 2.7% in the euro area compared with the previous month, an average that Spain exceeded an increase of 7.2%, second only to Romania (16 , 5%).
The increase of 2.7% in the countries of the euro comes after production in May dropped 0.7%, according to figures released today by the EU statistical office, Eurostat.
In the whole European Union, the construction also rose in June, with 3.5%, following the drop in May (0.1%).
Compared with June 2009, production in construction rose by 3.1% in the states of the euro and 5.4% in the EU.
In Spain, in annual terms, increased production reached 18.6% in June from 18.9% drop in May.
Of the fourteen member states with available data, output in the construction sector had monthly increases and decreases in eight six.
The most marked increases were registered in Romania (16.5%), Spain (7.2%) and Poland (4.5%), while falls were most pronounced in Hungary (2.3%), Netherlands ( 1.8%) and Slovenia (1.6%).
By sector, building construction grew 3.3% in June in the euro area and 5.7% in the Union after the falls in May (0.3% and 0.5% respectively).
Civil engineering grew by 1.2% in the countries of the euro and 2% in the twenty-seven, having fallen by 2.9% and 1.9% respectively the previous table.
Compared with the same month last year, the construction output rose in five and fell in nine countries.
The most significant year increases took place in Spain (18.6%), United Kingdom (13.6%) and Poland (10.2%) and the largest decreases in Hungary (19.6%), Bulgaria (17, 5%) and Slovenia (16.9%).
The construction sector experienced a building annual rise of 6.4% in the euro area and 7.5% in the EU, following decreases of 5.6% and 2.3% respectively in May .
The civil work on the other hand fell by 6.7% in the countries of the single currency and 0.6% in the EU, following declines of 9.2% and 3.4% respectively in May.
