Bulgaria Holds Record in EU May M/M Construction Slump

Bulgaria in EU | July 17, 2013, Wednesday // 14:10|  views

In the EU, the largest May m/m consturction decrease was registered in Bulgaria. File Photo

Bulgaria holds the record in the May 2013 monthly decrease of the construction index, data published Wednesday by Eurostat, the statistical office of the European Union, reveals.

In Bulgaria, the index in May, compared to April, was down by 4.2%.

In the construction sector, seasonally adjusted production fell by 0.3% in the Eurozone and by 0.2% in the EU in May 2013, compared with the previous month, according to Eurostat's first estimates.

In April 2013, construction production rose by 1.0% and 1.1% respectively.

Compared with May 2012, production decreased by 5.1% in both zones in May 2013.

On monthly basis, among the Member States for which data are available for May 2013, production in construction fell in nine, rose in four and remained stable in the United Kingdom. In addition to Bulgaria's first place, the largest decreases were registered in Poland and Slovenia (both -2.8%) and Germany (-2.6%), and the largest increases - in Spain (+4.4%), Romania (+3.1%), Sweden (+1.7%) and the Netherlands (+1.1%).

Building construction decreased by 0.6% in the Eurozone and by 0.5% in the EU, after +0.5% and +1.2%, respectively in April 2013.

Civil engineering rose by 0.1% in the Eurozone and by 0.5% in the EU, after +4.3% and +2.3%, respectively in the previous month.

Annually, among the Member States for which data are available for May 2013, production in construction fell in eleven and rose in three.

The largest decreases were registered in Poland (-28.6%), the Czech Republic (-15.5%), Portugal (-12.9%) and Slovakia (-12.1%), and the increases in Hungary (+11.1%), Spain (+8.2%) and Sweden (+7.9%).

Building construction decreased by 5.2% in the Eurozone and by 4.7% in the EU, after -6.4% and -5.0%, respectively in April 2013.

Civil engineering fell by 5.8% in the Eurozone and by 6.8% in the EU27, after -8.1% and -8.6% respectively in the previous month.

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Tags: eurostat, construction, sector, production, index, Bulgaria

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