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Construction Production Slips in Eurozone, Climbs in European Union

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Line of silhouettes illustration of construction site with cranes and skyscraper with tractors, bulldozers, excavators and grader in blue tone.

Production in construction in the eurozone slipped in November 2021 but expanded in the European Union following two straight months of growth.

Source: Eurostat

EZU is up 0.33%, while VGK is flat premarket.

The eurozone’s seasonally adjusted production in construction fell by 0.2% from the previous month, following the growth recorded in both September and October. Compared with the previous year, production was up 0.5%.

Total construction in the European Union climbed by 0.2% in November from the previous month, extending growth for the third straight month. Production was also up 1.3% from the previous year.

The largest monthly decreases were in Belgium, France, and Germany, while the highest increases were in Romania, Hungary, and Slovakia. Annual growth was led by Poland, Hungary, and Finland.

Building construction decreased in both areas during the month, while civil engineering posted increases.

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