Bulgaria's Construction Output Drops by 10% Y/Y Nov 2011

Business | January 19, 2012, Thursday // 08:25
Bulgaria: Bulgaria's Construction Output Drops by 10% Y/Y Nov 2011

Bulgaria's construction output decreased by 10.2% in November 2011 year on year, the second largest fall among the EU member states for which Eurostat has available data.

Portugal registered the largest annual decrease in its construction output in November – by 12.2%, while Slovenia saw a 10.0% drop.

On an annual basis, among the member states for which data are available for November 2011, construction output rose in six and fell in eight. The highest increases were registered in Romania (+16.9%), Poland (+14.7%) and Germany (+9.9%)

The highest monthly increases were registered in Slovenia (+23.1%), Hungary (+7.4%) and Germany (+4.5%).

In the construction sector, seasonally adjusted production1 rose by 0.8% in the euro area and by 0.4% in the EU27 in November 2011, compared with the previous month. In October3, production fell by 1.4% in the euro area and by 0.9% in the EU27.

Compared with November 2010, output in November 2011 increased by 0.2% in the euro area and by 0.7% in the EU27.

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Tags: construction output, construction, Bulgaria, European Union

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