In December 2022 compared with November 2022, seasonally adjusted production in the construction sector decreased by 2.5% in the euro area and by 2.0% the EU, according to first estimates from Eurostat, the statistical office of the European Union.
Eurostat has not released estimates for Cyprus as it is one of the countries that are not required to supply monthly data.
In November 2022, production in construction fell by 0.1% in the euro area and rose by 0.1% in the EU.
In December 2022 compared with December 2021, production in construction decreased by 1.3% in the euro area and by 0.4% in the EU.
The annual average production in construction for the year 2022, compared with 2021, increased by 2.3% in the euro area and by 2.6% in the EU.
By construction sector in the euro area in December 2022, compared with November 2022, civil engineering decreased by 4.0% and building construction by 2.3%.
In the EU during the same period, civil engineering decreased by 2.4% and building construction by 2.0%.
Among member states for which data are available, the largest monthly decreases in production in construction were recorded in Germany (-8.0%), Austria (-7.6%) and Poland (-3.8%).
The highest increases were observed in Slovenia (+10.6%), Slovakia (+9.5%) and Sweden (+4.3%).
In the euro area in December 2022, compared with December 2021, civil engineering decreased by 1.5% and building construction by 1.3%.
In the EU during the same period, building construction decreased by 0.9%, while civil engineering increased by 0.6%.
Among member states for which data are available, the largest annual decreases in production in construction were observed in Germany (-8.2%), Spain (-6.3%) and Austria (-6.0%).
The highest increases were recorded in Slovenia (+74.5%), Romania (+18.4%) and the Netherlands (+4.9%)
Source: Cyprus News Agency