Production in construction down by 0.9% in the euro area and by 1.0% in the EU (2024)

Euro indicators 18 July 2024 Next release: 20 August 2024

May 2024 compared with April 2024

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Down by 2.4% in the euro area and by 2.5% in the EU compared with May 2023

Overview

In May 2024, compared with April 2024, seasonally adjusted production in construction decreased by 0.9% in the euro area and by 1.0% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2024, production in construction fell by 0.4% in the euro area and remained stable in the EU.

In May 2024, compared with May 2023, production in construction decreased by 2.4% the euro area and by 2.5% in the EU.

Monthly comparison by construction sector and by Member State

In the euro area in May 2024, compared with April 2024, production in construction

decreased by 1.0% for construction of buildings,
decreased by 0.6% for civil engineering,
decreased by 1.1% for specialised construction activities.

In the EU, production in construction

decreased by 0.9% for construction of buildings,
decreased by 1.5% for civil engineering,
decreased by 1.0% for specialised construction activities.

Among Member States for which data are available, the largest monthly decreases in production in construction were recorded in Czechia (-5.1%), Romania (-4.1%) and Hungary (-3.8%). The highest increases were observed in Finland (+1.9%), Bulgaria (+1.1%) and Belgium and Spain (both +0.3%).

Annual comparison by construction sector and by Member State

In the euro area in May 2024, compared with May 2023, production in construction

decreased by 4.8% for construction of buildings,
increased by 0.4% for civil engineering,
decreased by 1.8% for specialised construction activities.

In the EU, production in construction

decreased by 4.8% for construction of buildings,
decreased by 0.8% for civil engineering,
decreased by 1.9% for specialised construction activities.

Among Member States for which data are available, the largest annual decreases in production in construction were recorded in Sweden (-7.5%), Slovenia (-7.4%) and Germany (-7.0%). Increases were observed in Hungary (+7.3%), Bulgaria (+4.4%) and Denmark (+1.1%).

Tables

Production in construction % change compared with the previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area
Total construction	0.4	0.8	0.0	-0.6	-0.4	-0.9
Construction of buildings	1.0	-1.9	2.3	-1.3	-0.5	-1.0
Civil engineering	-0.6	1.3	2.9	0.3	-1.8	-0.6
Specialised construction activities	0.4	0.9	-0.3	-0.5	0.2	-1.1
EU
Total construction	1.2	-0.9	0.3	-0.7	0.0	-1.0
Construction of buildings	1.7	-2.6	2.3	-2.5	0.6	-0.9
Civil engineering	0.2	-0.6	2.7	-0.7	-0.4	-1.5
Specialised construction activities	0.4	0.8	-0.4	-0.4	0.0	-1.0
* Calendar and seasonally adjusted Source dataset: sts_copr_m

Production in construction % change compared with the previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	0.4	0.8	0.0	-0.6	-0.4	-0.9
EU	1.2	-0.9	0.3	-0.7	0.0	-1.0
Belgium	3.1	-3.4	2.3	1.1	-3.9	0.3
Bulgaria	0.3	1.1	2.6	-0.3	-0.3	1.1
Czechia	1.2	0.2	4.3	-6.8	3.5	-5.1
Denmark	0.2	-2.5	1.6	2.5	-1.1	0.1
Germany	-3.1	2.9	3.3	-1.0	-1.2	-3.3
Estonia**	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece**	:	:	:	:	:	:
Spain	-0.4	1.3	-2.4	0.7	-0.7	0.3
France	1.6	0.2	-2.4	0.8	-1.0	-1.0
Croatia**	2.9	1.8	1.9	-0.2	0.2	:
Italy	1.1	2.8	-3.0	c	c	c
Cyprus**	:	:	:	:	:	:
Latvia**	:	:	:	:	:	:
Lithuania**	:	:	:	:	:	:
Luxembourg**	7.4	-16.8	10.1	-1.1	-0.2	:
Hungary	5.2	10.5	-9.4	-2.7	11.0	-3.8
Malta**	:	:	:	:	:	:
Netherlands	2.8	-2.7	2.8	-0.3	-0.4	-0.6
Austria	5.2	-2.7	1.1	-1.9	2.1	-1.9
Poland	14.4	-16.2	0.9	-3.7	2.3	0.1
Portugal	0.7	1.2	-1.1	-1.9	3.2	-3.3
Romania	10.2	-36.4	18.5	9.3	5.8	-4.1
Slovenia	2.7	-3.5	7.6	-6.7	-2.4	-0.1
Slovakia	-7.5	-0.5	5.3	-6.9	7.8	-2.8
Finland	-0.4	-1.1	0.8	0.2	0.4	1.9
Sweden	-0.7	1.2	-1.2	-2.6	1.3	-2.1
Norway	-0.9	0.7	0.1	-0.7	0.3	-0.2
* Calendar and seasonally adjusted ** These Member States are not required to supply monthly data under Regulation (EU) 2019/2152. : Data not available c Confidential Source dataset: sts_copr_m

Production in construction % change compared with the same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area
Total construction	2.4	1.0	-1.5	-0.3	-1.5	-2.4
Construction of buildings	1.9	-2.2	-2.4	-2.5	-3.6	-4.8
Civil engineering	6.3	2.6	4.3	5.6	2.0	0.4
Specialised construction activities	2.0	1.1	-1.0	-1.0	-0.9	-1.8
EU
Total construction	3.3	0.1	-1.7	-1.0	-1.4	-2.5
Construction of buildings	2.1	-3.0	-2.7	-4.4	-3.6	-4.8
Civil engineering	5.8	1.5	3.8	3.2	2.4	-0.8
Specialised construction activities	1.6	0.7	-1.2	-1.1	-1.1	-1.9
* Calendar adjusted Source dataset: sts_copr_m

Production in construction % change compared with the same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	2.4	1.0	-1.5	-0.3	-1.5	-2.4
EU	3.3	0.1	-1.7	-1.0	-1.4	-2.5
Belgium	10.3	-0.3	0.0	8.1	-9.5	-2.2
Bulgaria	0.0	0.0	4.2	3.4	3.1	4.4
Czechia	-3.2	-6.5	2.9	-8.4	-0.2	-6.8
Denmark	0.6	-1.6	-0.5	3.1	1.1	1.1
Germany	-0.1	-6.5	-1.6	-0.4	-3.9	-7.0
Estonia**	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece**	:	:	:	:	:	:
Spain	3.9	14.1	-3.3	1.4	-1.6	-1.8
France	-0.1	-0.4	-4.5	-2.3	-4.3	-5.6
Croatia**	10.3	14.2	15.0	14.5	15.0	:
Italy	12.4	13.3	7.4	c	c	c
Cyprus**	:	:	:	:	:	:
Latvia**	:	:	:	:	:	:
Lithuania**	:	:	:	:	:	:
Luxembourg**	5.1	-6.3	-7.8	-4.7	-5.9	:
Hungary	-4.3	17.5	2.4	-6.4	15.6	7.3
Malta**	:	:	:	:	:	:
Netherlands	-2.4	-7.1	-3.8	-3.2	-0.3	-5.2
Austria	4.0	-5.1	-11.9	-4.4	-1.1	-0.8
Poland	18.9	-8.2	-5.5	-9.7	-6.0	-4.5
Portugal	5.5	4.1	3.7	0.5	5.9	0.0
Romania	30.8	-17.9	-4.0	-0.6	12.3	-1.6
Slovenia	9.0	-4.2	5.6	-7.7	-4.9	-7.4
Slovakia	-8.3	-13.3	-1.1	-5.7	4.9	-4.5
Finland	-11.4	-14.1	-10.4	-8.2	-5.2	-0.6
Sweden	-7.6	-7.1	-5.9	-8.2	-4.4	-7.5
Norway	-2.8	-1.2	-0.9	-1.8	-0.9	-1.7
* Calendar adjusted ** These Member States are not required to supply monthly data under Regulation (EU) 2019/2152. : Data not available c Confidential Source dataset: sts_copr_m

Monthly indices for production in construction, calendar and seasonally adjusted (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	103.5	104.3	104.3	103.7	103.3	102.4
EU	104.6	103.7	104.0	103.3	103.3	102.3
Belgium	104.1	100.6	102.9	104.0	99.9	100.2
Bulgaria	99.4	100.5	103.1	102.8	102.5	103.6
Czechia	99.0	99.2	103.5	96.5	99.9	94.8
Denmark	105.8	103.2	104.8	107.4	106.2	106.3
Germany	90.5	93.1	96.2	95.2	94.1	91.0
Estonia*	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece*	:	:	:	:	:	:
Spain	97.1	98.4	96.0	96.7	96.0	96.3
France	100.8	101.0	98.6	99.4	98.4	97.4
Croatia*	117.7	119.8	122.1	121.9	122.2	:
Italy	137.6	141.4	137.1	c	c	c
Cyprus*	:	:	:	:	:	:
Latvia*	:	:	:	:	:	:
Lithuania*	:	:	:	:	:	:
Luxembourg*	103.4	86.0	94.7	93.7	93.5	:
Hungary	98.9	109.3	99.0	96.3	106.9	102.8
Malta*	:	:	:	:	:	:
Netherlands	103.1	100.3	103.1	102.8	102.4	101.8
Austria	101.6	98.9	100.0	98.1	100.2	98.3
Poland	127.7	107.0	108.0	104.0	106.4	106.5
Portugal	110.3	111.6	110.4	108.3	111.8	108.1
Romania	153.1	97.4	115.4	126.1	133.4	127.9
Slovenia	146.6	141.4	152.2	142.0	138.6	138.5
Slovakia	77.9	77.5	81.6	76.0	81.9	79.6
Finland	90.0	89.0	89.7	89.9	90.3	92.0
Sweden	91.5	92.6	91.5	89.1	90.3	88.4
Norway	101.3	102.0	102.1	101.4	101.7	101.5
* These Member States are not required to supply monthly data under Regulation (EU) 2019/2152. : Data not available c Confidential Source dataset: sts_copr_m

Monthly indices for production in construction, calendar adjusted (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	102.4	89.9	98.8	109.5	102.3	105.7
EU	108.4	86.8	95.7	107.0	101.3	104.9
Belgium	90.1	90.5	107.4	120.5	99.5	101.3
Bulgaria	90.0	97.6	99.0	107.6	100.9	101.1
Czechia	100.3	54.8	67.3	81.7	94.1	98.1
Denmark	99.6	98.4	100.9	112.2	101.5	107.1
Germany	99.6	63.0	81.0	97.2	93.1	91.4
Estonia*	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece*	:	:	:	:	:	:
Spain	123.6	103.0	88.9	101.3	91.1	96.6
France	87.5	98.2	101.5	105.5	100.2	102.0
Croatia*	107.0	114.8	123.5	133.9	126.2	:
Italy	124.9	128.6	136.0	c	c	c
Cyprus*	:	:	:	:	:	:
Latvia*	:	:	:	:	:	:
Lithuania*	:	:	:	:	:	:
Luxembourg*	88.6	76.9	96.4	104.4	100.8	:
Hungary	135.2	64.5	69.6	91.3	89.5	97.5
Malta*	:	:	:	:	:	:
Netherlands	81.6	101.2	115.3	120.6	107.4	107.8
Austria	122.2	59.4	74.3	94.1	95.4	96.4
Poland	182.1	62.9	72.0	87.9	93.3	101.6
Portugal	101.4	111.3	108.1	114.2	111.6	111.3
Romania	227.0	49.7	75.3	110.1	117.7	121.1
Slovenia	132.9	99.5	123.9	137.5	126.8	138.6
Slovakia	90.5	49.5	60.3	63.0	72.9	79.2
Finland	102.7	62.5	69.8	79.8	79.9	96.3
Sweden	116.4	71.9	80.3	85.6	89.6	90.4
Norway	96.5	107.8	96.2	102.7	92.8	97.0
* These Member States are not required to supply monthly data under Regulation (EU) 2019/2152. :Data not available c Confidential Source dataset: sts_copr_m

Notes for users

Revisions and timetable

Data of previous months have been revised compared with those issued in News Release of 19 June 2024. The monthly percentage change for April 2024 has been revised from -0.2% to -0.4% in the euro area and from +0.2% to 0.0% in the EU. The annual percentage change has been revised from -1.1% to -1.5% in the euro area and from -0.9% to -1.4% in the EU.

Methods and definitions

The index of production in construction approximates the evolution of the volume of production within the sector, broken down into construction of buildings, civil engineering and specialised construction activities according to NACE rev. 2 activity classification.

Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data. Eurostat carries out the seasonal adjustment of the data for those countries that do not adjust their data for seasonal effects.

The monthly index as presented in this News Release is calculated only on the basis of the data of those countries reporting monthly data. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

Starting with reference period January 2024, the base year of the data has been changed to 2021, since 2018 the base year had been 2015. More information on the reasons for and impact of the base year change can be found in the related Statistics Explained article.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

Estonia, Greece, Croatia, Cyprus, Latvia, Lithuania, Luxembourg and Malta are not required to supply monthly data within 1month and 15 days after the end of the reference month under Regulation (EU) 2019/2152.

For more information

Database section on short-term business statistics
Statistics Explained article on the production in construction index
The weights of the Member States in the EU and euro area aggregates
(see file Base year 2021 weights - Euro indicators releases)
Euro indicators dashboard
Euro indicators release calendar
European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

E-mail: ESTAT-STS-DATA@ec.europa.eu

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Production in construction down by 0.9% in the euro area and by 1.0% in the EU (2024)

FAQs

What is the construction output of the Euro area? ›

Construction Output in Euro Area averaged -0.19 percent from 1996 until 2024, reaching an all time high of 44.20 percent in April of 2021 and a record low of -31.20 percent in April of 2020. source: EUROSTAT.

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Euro Area Money Supply M2 is at a current level of 15.20T, up from 15.14T last month and up from 15.11T one year ago. This is a change of 0.40% from last month and 0.61% from one year ago.

Is the US dollar pegged to the euro? ›

Major currencies, such as the Japanese yen, euro, and the U.S. dollar, are floating currencies—their values change according to how the currency trades on foreign exchange or forex (FX) markets. This type of exchange rate is based on supply and demand.

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What is M1, M2, and M3 money? ›

M1, M2 and M3 are measurements of the United States money supply, known as the money aggregates. M1 includes money in circulation plus checkable deposits in banks. M2 includes M1 plus savings deposits (less than $100,000) and money market mutual funds. M3 includes M2 plus large time deposits in banks.

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What is the productivity level in the EU? ›

Productivity has grown steadily in the EU over the past two decades. The average annual growth of GDP per hour worked1 between the year 2000 and 2022 was 1.2%, and negative growth rates were only observed in 2008 and 2009, in the midst of the global financial crisis.

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What is 80% capacity utilisation? ›

For example, if a company has the capacity to produce 1000 widgets per month and it actually produces 800 widgets, its capacity utilisation would be 80%. This means that the company is using 80% of its available resources to produce the widgets.

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What is the construction output? ›

Construction output refers to construction work performed by enterprises whose principal activity is classified as construction. Construction work is work on construction, reconstruction, extension, modernisation, repair and maintenance of permanent or temporary buildings and civil engineering works.

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What is the construction index of the European Union? ›

European Union Construction Confidence Indicator is at a current level of -8.50, down from -8.20 last month and down from -5.10 one year ago. This is a change of N/A from last month.

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What is the construction output in France? ›

Construction Output in France averaged 0.15 percent from 1991 until 2024, reaching an all time high of 169.00 percent in April of 2021 and a record low of -63.40 percent in April of 2020.

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What is the outlook for the construction sector in the EU? ›

The EU infrastructure volumes have shown moderate growth in 2022 (2.4%) and 2023 (3.2%) which supports total construction volumes. The subsector benefits from needed investments in the energy transition, especially for new power grids and investments in digital infrastructure such as fibre to the home.

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