July 20, 2023
According to estimates from the statistical office of the European Union (Eurostat), in May 2023, compared with April 2023, seasonally adjusted production in the construction sector increased by 0.2% in both the euro area and the EU. In April 2023, production in construction decreased by 0.6% in the euro area and by 0.8%% in the EU. A comparison of May 2023 versus May 2022 revealed that production in construction increased by 0.1% in the euro area and by 0.4% in the EU.
In May 2023, relative to April 2023, civil engineering in the euro area increased by 0.1% and building construction by 0.4%. For the same comparable period, civil engineering in the EU rose by 0.4% and building construction rose by 0.2%.
Among the Member States for which data are available, the largest month over month decreases in production in construction were recorded in Belgium (-2.8%), Austria (-2.5%) and Hungary (-1.7%). The largest month over month increases were observed in Slovakia (+5.5%), Romania and Slovenia (+3.7%) and the Netherlands (+3.6%).
As it relates to the annual comparison, building construction decrease by 0.3%, while civil engineering increased by 2.7% in the euro area in May 2023 relative to May 2022. In the EU, building construction decreased by 0.9%, while civil engineering increased by 3.0%.
Among the Member States for which data are available, the largest annual decreases in production in construction were observed in Hungary (-12.0%), Italy (-6.5%) and Sweden (-6.3%). The largest annual increases were recorded in Slovenia (+24.6%), Romania (+10.6%) and Spain (+7.1%).
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