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Eurozone, European Union Start 2022 With Higher Construction Output

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Corporate buildings in perspective

Construction output in both the eurozone and the European Union climbed in January, led by the growth in building construction during the month.

Source: Eurostat

EZU is up 1.11%, and VGK is up 0.98%.

Seasonally adjusted construction production in the euro area in January increased by 3.9% from the print recorded in the past month, and 4.1% higher than the same month in the previous year.

Construction production in the European Union also increased by 3.9% in January when compared with December 2021, and by 4.8% when compared with the same period in 2021.

Building construction in the eurozone grew by 4.2% when compared with December and by 3.5% year-on-year. Civil engineering climbed by 1.4% from December and by 6.6% when compared with January 2021.

The highest monthly increases were recorded in Poland, Germany, and Romania, while the biggest drops were in Hungary, Belgium, the Netherlands, and Italy.

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