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Bulgaria with Highest Construction Output in EU

Tuesday, Apr 21, 2009

In February, the seasonally adjusted production in the construction sector in Bulgaria was the highest among the European Union (EU) Member States.

The data, released by Eurostat, the Statistical Office of the European Communities, lists the construction output in Bulgaria at +2%.

Bulgaria is followed by Germany (+1.9%) and Slovenia (+1.1%).

The largest decreases were recorded in Romania (-8.6%), Spain (-5.3%) and Czech Republic (-2.0%).

Seasonally adjusted construction production fell by 1.8% in the Euro Area and by 1.6% in the EU in February 2009, compared with the previous month. In January, production rose by 1.6% and 1.7% respectively.

Compared with February 2008, output in February 2009 dropped by 11.8% in the Euro Area, and by 11.2% in the EU.

Building construction decreased by 1.5% in the Euro Area and by 1.6% in the EU after +0.2% and +1.7% respectively in January.

Civil engineering decreased by 3.6% in the Euro Area and by 2.8% in the EU, after +5.4% and +2.7% respectively in the previous month.

Source: Novinite.com