The volume of construction in the euro area in March fell by 0.3%, in the EU – by 0.9%

Investing.com – The volume of construction in the euro area in March 2018 decreased by 0.3% compared to the previous month, when it was recorded a decrease of 0.7%, according to the Statistical Office of the European Union (Eurostat). The decrease in the pace of construction is fixed for the third month in a row.
In annual terms, growth was 0.8%.

In 28 EU countries, the decline in construction volumes in the month before last accelerated to 0.9% after 0.8% in February. In annual terms, the indicator fell by 1.3%.

Among the EU member states, for which data are available for February, the greatest decline for the month was recorded in Hungary (-10.3%), Romania (-9.2%) and France (-2.6%), and the most noticeable growth was observed in Spain (3.1%), Slovakia (2.3%) and Belgium (1.1%).

In annual terms, the most noticeable growth rates were in Poland (18.8%), Spain (17.1%) and Slovakia (4.9%). The decrease was observed in Romania (-10.8%), Great Britain (8.1%) and France (-2.5%).