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European construction output continues to fall

Posted on 21 February 2013

Construction output fell by 1.7% in December in the Eurozone countries and by 2.7% across all 27 countries of the EU compared with November. The figures are first estimates released by Eurostat, the statistical office of the European Union. In November 2012, monthly production had decreased by 0.4% and 0.6% respectively.
Compared with December 2011, production in December 2012 dropped by 4.8% in the 17 countries of the Euro area and by 8.5% in the EU27. Compared with 2011, the average production index for 2012 decreased by 5.4% in the euro area and by 5.8% in the EU27……………………………………Full Article: Source


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