Bulgaria Sees EU's Largest Y/Y Increase in Construction Production Oct 2012

Politics » BULGARIA IN EU | December 19, 2012, Wednesday // 14:45
Bulgaria: Bulgaria Sees EU's Largest Y/Y Increase in Construction Production Oct 2012

Bulgaria observed EU's largest year on year increase of construction production in October 2012 (+5.7%), according to Eurostat.

Bulgaria also registered the second largest increase as compared with September 2012 (+2.2%), topped only by the United Kingdom (+11.7%).

Among the Member States for which data are available for October 2012, production in construction fell in twelve and rose in three as compared with October 2011. The largest decreases were registered in Portugal (-19.1%), Slovenia (-15.5%), Slovakia (-12.8%) and Italy (-12.1%), and the increases in Bulgaria (+5.7%), Spain (+3.4%) and Hungary (+1.3%).

Building construction declined by 3.8% in the euro area and by 4.5% in the EU27, after -4.5% and -7.1% respectively in September 2012. Civil engineering decreased by 5.3% in the euro area and by 3.5% in the EU27,after -2.3% and -5.0% respectively in the previous month.

Among the Member States for which data are available for October 2012, production in construction fell in nine and rose in six as compared with September 2012. The largest decreases were registered in Slovenia (-21.1%), Germany (-5.3%) and Sweden (-4.7%), and the highest increases in the United Kingdom (+11.7%), Bulgaria (+2.2%) and Italy (+1.9%).

Building construction decreased by 1.3% in the euro area, but increased by 2.1% in the EU27, after -2.1% and -2.4% respectively in September 2012. Civil engineering dropped by 2.1% in the euro area, but rose by 2.0% in the EU27, after +0.6% and +0.2% respectively in the previous month.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Bulgaria in EU » Be a reporter: Write and send your article
Tags: construction, production, European Union

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria