Construction in Spain Records Highest Production Increase in the Eurozone

During the month of October this year, construction sector activity in Spain registered a 13.9% increase in production compared to the same month of 2013, according to the European Union statistical office, Eurostat. This percentage corroborates the data of recent months, which placed Spain as a European reference in the sector.

This latest year-on-year increase in Spanish construction activity is the highest registered in the eurozone, where the average increase was 1.4%, and the second highest in the whole of the European Union (EU), which recorded an average increase of 1.5%.

The greatest increases in construction, compared with October 2013, were registered in Hungary (+15.8%), Spain (+13.9%) and Sweden (+10.5%), while the greatest declines in production were recorded in Romania (-11.3%), Portugal (-5.7%), Italy (-4.3%) and Slovakia (-4.2%).

El Mundo reported that, month-on-month (October over September), construction production grew in Spain by 1.4%, higher than the 1.3% increase registered in the eurozone and the 0.4% registered in the EU. Thus, the eurozone construction has recovered somewhat following the decline of 1% registered in September, and the growth in construction in Spain has accelerated, up from the 0.5%  increase registered in September.

Among the countries for which data was available for October, the greatest increases, month-on-month were recorded for Hungary (+4%), Italy (+3.2%) and the Netherlands (+2.2%), while the most pronounced declines were recorded in Romania (-6.1%) and the United Kingdom (-2.2%).