Production in construction up by 1.7% in the euro area and by 1.4% in the EU (2024)

Euro indicators 20 August 2024 Next release: 18 September 2024

June 2024 compared with May 2024

Skip to the content

Before printing

Printing can have negative environmental impacts due to paper waste. We encourage you to explore eco-friendly alternatives. Bookmarking this page in your browser allows you to access it anytime.

This publication can also be converted to PDF, if you have a PDF printer installed on your computer. PDF printers function as virtual printers, enabling you to create digital copies of web pages and access the content offline.

Up by 1.0% in the euro area and down by 0.1% in the EU compared with June 2023

Overview

In June 2024, compared with May 2024, seasonally adjusted production in construction increased by 1.7% in the euro area and by 1.4% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In May 2024, production in construction fell by 0.9% in the euro area and by 1.1% in the EU.

In June 2024, compared with June 2023, production in construction increased by 1.0% the euro area and decreased by 0.1% in the EU.

Production in construction up by 1.7% in the euro area and by 1.4% in the EU (1)

Monthly comparison by construction sector and by Member State

In the euro area in June 2024, compared with May 2024, production in construction

  • increased by 1.8% for construction of buildings,

  • increased by 1.1% for civil engineering,

  • increased by 0.5% for specialised construction activities.

In the EU, production in construction

  • increased by 0.1% for construction of buildings,

  • increased by 1.4% for civil engineering,

  • increased by 0.2% for specialised construction activities.

Among Member States for which data are available, the highest monthly increases in production in construction were recorded in Portugal (+3.2%), Romania (+2.6%) and France (+1.7%). The largest decreases were observed in Slovenia (-9.1%), Hungary (-6.4%) and Poland (-2.1%).

Annual comparison by construction sector and by Member State

In the euro area in June 2024, compared with June 2023, production in construction

  • increased by 1.5% for construction of buildings,

  • increased by 3.5% for civil engineering,

  • increased by 0.4% for specialised construction activities.

In the EU, production in construction

  • decreased by 1.0% for construction of buildings,

  • increased by 1.5% for civil engineering,

  • decreased by 0.3% for specialised construction activities.

Among Member States for which data are available, the largest annual decreases in production in construction were recorded in Slovenia (-19.0%), Czechia (-10.2%) and Sweden (-9.0%). The highest increases were observed in Spain (+4.8%), Bulgaria (+2.9%) and Portugal (+2.7%).

Tables

Production in construction

% change compared with the previous month*

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Euro area

Total construction

0.9

0.1

-0.3

-0.3

-0.9

1.7

Construction of buildings

-1.5

2.7

-0.1

-0.3

-0.9

1.8

Civil engineering

1.4

3.0

0.5

-1.4

-0.3

1.1

Specialised construction activities

1.2

-0.1

-0.2

0.2

-0.9

0.5

EU

Total construction

-0.8

0.4

-0.5

0.1

-1.1

1.4

Construction of buildings

-2.3

2.6

-1.4

0.6

-0.9

0.1

Civil engineering

-0.8

2.9

-0.5

0.0

-1.2

1.4

Specialised construction activities

1.2

-0.3

-0.1

0.0

-0.8

0.2

* Calendar and seasonally adjusted

Source dataset: sts_copr_m

Production in construction up by 1.7% in the euro area and by 1.4% in the EU (2)

Production in construction

% change compared with the previous month*

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Euro area

0.9

0.1

-0.3

-0.3

-0.9

1.7

EU

-0.8

0.4

-0.5

0.1

-1.1

1.4

Belgium

-3.4

2.2

1.1

-4.0

0.4

-0.3

Bulgaria

1.1

2.6

-0.3

-0.3

0.5

-1.2

Czechia

0.1

4.3

-6.9

3.4

-5.0

-0.8

Denmark

-1.9

1.0

1.4

0.2

-0.1

0.5

Germany

2.9

3.3

-1.0

-1.2

-3.1

0.3

Estonia**

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece**

:

:

:

:

:

:

Spain

1.4

-2.3

0.8

-0.5

0.5

0.4

France

0.2

-2.3

0.8

-1.0

-0.9

1.7

Croatia**

1.7

0.9

0.5

0.6

1.1

:

Italy

2.9

-2.9

-1.5

c

c

c

Cyprus**

:

:

:

:

:

:

Latvia**

:

:

:

:

:

:

Lithuania**

:

:

:

:

:

:

Luxembourg**

-16.8

10.1

-1.2

0.1

1.7

:

Hungary

8.2

-8.5

-0.9

9.0

-2.8

-6.4

Malta**

:

:

:

:

:

:

Netherlands

-2.7

2.8

2.0

0.5

-0.5

-0.9

Austria

-1.8

1.2

-1.7

2.2

-1.2

0.4

Poland

-16.2

0.9

-3.7

2.3

-0.5

-2.1

Portugal

1.2

-1.1

-1.9

3.1

-3.3

3.2

Romania

-36.4

18.5

9.3

5.8

-6.1

2.6

Slovenia

-3.9

7.5

-7.0

-2.5

0.7

-9.1

Slovakia

-0.5

5.3

-6.7

7.8

-2.8

-0.6

Finland

-1.2

0.7

0.2

0.6

1.1

-0.8

Sweden

1.2

-1.3

-2.6

0.9

-1.9

-1.1

Norway

0.6

0.1

-0.7

0.1

-0.3

-0.5

* Calendar and seasonally adjusted

** These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

: Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction up by 1.7% in the euro area and by 1.4% in the EU (3)

Production in construction

% change compared with the same month of the previous year*

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Euro area

Total construction

1.0

-1.5

0.0

-1.1

-2.1

1.0

Construction of buildings

-2.2

-2.2

-1.6

-2.6

-4.2

1.5

Civil engineering

2.5

4.2

6.1

2.7

1.2

3.5

Specialised construction activities

1.3

-0.9

-0.9

-0.6

-1.8

0.4

EU

Total construction

0.1

-1.7

-0.7

-1.0

-2.4

-0.1

Construction of buildings

-2.9

-2.7

-3.4

-2.9

-4.3

-1.0

Civil engineering

1.0

3.6

3.6

3.0

0.4

1.5

Specialised construction activities

0.9

-1.2

-1.1

-1.0

-1.9

-0.3

* Calendar adjusted

Source dataset: sts_copr_m

Production in construction up by 1.7% in the euro area and by 1.4% in the EU (4)

Production in construction

% change compared with the same month of the previous year*

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Euro area

1.0

-1.5

0.0

-1.1

-2.1

1.0

EU

0.1

-1.7

-0.7

-1.0

-2.4

-0.1

Belgium

-0.3

0.0

8.1

-9.6

-1.9

-2.9

Bulgaria

0.0

4.2

3.4

3.1

4.1

2.9

Czechia

-6.3

2.9

-8.3

-0.2

-6.8

-10.2

Denmark

-1.5

-0.7

2.4

1.7

1.1

1.9

Germany

-6.5

-1.6

-0.4

-3.9

-6.8

-4.4

Estonia**

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece**

:

:

:

:

:

:

Spain

14.1

-3.5

1.4

-1.6

-1.8

4.8

France

-0.5

-4.5

-2.3

-4.3

-5.6

-1.8

Croatia**

14.2

14.7

14.5

15.0

15.3

:

Italy

13.3

7.4

4.2

c

c

c

Cyprus**

:

:

:

:

:

:

Latvia**

:

:

:

:

:

:

Lithuania**

:

:

:

:

:

:

Luxembourg**

-6.3

-7.8

-4.7

-5.8

-2.9

:

Hungary

12.8

2.2

-3.7

16.3

9.6

-1.3

Malta**

:

:

:

:

:

:

Netherlands

-7.1

-3.8

-0.3

4.5

-0.6

-3.7

Austria

-5.1

-10.7

-3.8

0.0

0.7

-0.6

Poland

-8.2

-5.5

-9.7

-6.0

-4.6

-7.0

Portugal

4.1

3.7

0.5

5.9

-0.1

2.7

Romania

-17.9

-4.0

-0.6

12.3

-3.2

-3.2

Slovenia

-4.5

5.3

-8.1

-5.0

-6.3

-19.0

Slovakia

-13.3

-1.1

-5.7

4.9

-4.5

-5.5

Finland

-14.1

-10.8

-8.4

-5.0

-2.6

-4.1

Sweden

-7.2

-5.9

-8.2

-5.0

-7.5

-9.0

Norway

-1.2

-0.9

-1.8

-0.9

-1.8

-2.6

* Calendar adjusted

** These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

: Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction up by 1.7% in the euro area and by 1.4% in the EU (5)

Monthly indices for production in construction,
calendar and seasonally adjusted

(base year 2021)

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Euro area

104.3

104.4

104.1

103.8

102.9

104.7

EU

103.7

104.1

103.6

103.7

102.6

104.0

Belgium

100.5

102.7

103.8

99.6

100.0

99.7

Bulgaria

100.5

103.1

102.8

102.5

103.0

101.8

Czechia

99.1

103.4

96.3

99.6

94.6

93.8

Denmark

103.7

104.7

106.2

106.4

106.3

106.8

Germany

93.1

96.2

95.2

94.1

91.2

91.5

Estonia*

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece*

:

:

:

:

:

:

Spain

98.7

96.4

97.2

96.7

97.2

97.6

France

101.0

98.7

99.5

98.5

97.6

99.3

Croatia*

120.1

121.2

121.8

122.5

123.8

:

Italy

141.7

137.6

135.5

c

c

c

Cyprus*

:

:

:

:

:

:

Latvia*

:

:

:

:

:

:

Lithuania*

:

:

:

:

:

:

Luxembourg*

86.0

94.7

93.6

93.7

95.3

:

Hungary

106.9

97.8

96.9

105.6

102.6

96.0

Malta*

:

:

:

:

:

:

Netherlands

100.3

103.1

105.2

105.7

105.2

104.3

Austria

99.2

100.4

98.7

100.9

99.7

100.1

Poland

107.0

108.0

104.0

106.4

105.9

103.7

Portugal

111.6

110.4

108.3

111.7

108.0

111.5

Romania

97.4

115.4

126.1

133.4

125.2

128.5

Slovenia

140.5

151.0

140.5

137.0

138.0

125.5

Slovakia

77.5

81.6

76.1

82.0

79.7

79.2

Finland

88.8

89.4

89.6

90.1

91.1

90.4

Sweden

92.5

91.3

88.9

89.7

88.0

87.0

Norway

102

102.1

101.4

101.5

101.2

100.7

* These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

: Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction up by 1.7% in the euro area and by 1.4% in the EU (6)

Monthly indices for production in construction, calendar adjusted

(base year 2021)

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Euro area

89.9

98.8

109.8

102.7

105.9

111.5

EU

86.8

95.7

107.3

101.6

105.0

110.5

Belgium

90.5

107.4

120.5

99.4

101.6

112.4

Bulgaria

97.6

99.0

107.6

100.9

100.8

106.8

Czechia

54.8

67.3

81.8

94.1

98.1

103.9

Denmark

98.6

100.7

111.8

101.8

107.2

108.7

Germany

63.0

81.0

97.2

93.1

91.6

95.6

Estonia*

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece*

:

:

:

:

:

:

Spain

103.0

88.8

101.3

91.1

96.6

94.1

France

98.2

101.5

105.5

100.2

102.0

108.3

Croatia*

114.8

123.3

133.9

126.2

128.8

:

Italy

128.6

136.0

146.5

c

c

c

Cyprus*

:

:

:

:

:

:

Latvia*

:

:

:

:

:

:

Lithuania*

:

:

:

:

:

:

Luxembourg*

76.9

96.4

104.3

100.9

94.4

:

Hungary

64.3

68.7

93.5

88.7

98.4

98.3

Malta*

:

:

:

:

:

:

Netherlands

101.2

115.3

124.2

112.5

113.0

117.3

Austria

59.4

74.3

94.1

95.3

97.5

107.2

Poland

62.9

72.0

87.9

93.3

101.5

107.2

Portugal

111.3

108.1

114.2

111.6

111.2

110.8

Romania

49.7

75.3

110.1

117.7

119.2

132.1

Slovenia

99.2

123.5

137.0

126.6

140.2

129.5

Slovakia

49.5

60.3

63.0

72.9

79.2

82.7

Finland

62.6

69.6

79.6

80.1

94.4

101.8

Sweden

71.8

80.3

85.6

89.0

90.4

95.5

Norway

107.8

96.2

102.7

92.8

96.9

106.8

* These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

:Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction up by 1.7% in the euro area and by 1.4% in the EU (7)

Notes for users

Revisions and timetable

Data of previous months have been revised compared with those issued in News Release of 18 July 2024. The monthly percentage decrease for May 2024 has remained unchanged at -0.9% in the euro area and has been revised from -1.0% to -1.1% in the EU. The annual percentage change has been revised from -2.4% to -2.1% in the euro area and from -2.5% to -2.4% in the EU.

Methods and definitions

The index of production in construction approximates the evolution of the volume of production within the sector, broken down into construction of buildings, civil engineering and specialised construction activities according to NACE rev. 2 activity classification.

Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data. Eurostat carries out the seasonal adjustment of the data for those countries that do not adjust their data for seasonal effects.

The monthly index as presented in this News Release is calculated only on the basis of the data of those countries reporting monthly data. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

Starting with reference period January 2024, the base year of the data has been changed to 2021, since 2018 the base year had been 2015. More information on the reasons for and impact of the base year change can be found in the related Statistics Explained article.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

Estonia, Greece, Croatia, Cyprus, Latvia, Lithuania, Luxembourg and Malta are not required to supply monthly data within 1month and 15 days after the end of the reference month under Regulation (EU) 2019/2152.

For more information

  • Database section on short-term business statistics

  • Statistics Explained article on the production in construction index

  • The weights of the Member States in the EU and euro area aggregates
    (see file Base year 2021 weights - Euro indicators releases)

  • Euro indicators dashboard

  • Euro indicators release calendar

  • European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

E-mail: ESTAT-STS-DATA@ec.europa.eu

Share component will be rendered here.

'; /** Retrieve the order from the tooltip option */ var sortOrder = option.tooltip.order; /** Sort the 'params' array based on the 'sortOrder' parameter. */ switch (sortOrder) { /** Sort by series name in ascending order. */ case 'seriesAsc': params = params.sort((a, b) => a.seriesName.localeCompare(b.seriesName)); break; /** Sort by series name in descending order. */ case 'seriesDesc': params = params.sort((a, b) => b.seriesName.localeCompare(a.seriesName)); break; /** Sort by numerical value in ascending order. */ case 'valueAsc': params = params.sort((a, b) => parseFloat(a.value) - parseFloat(b.value)); break; /** Sort by numerical value in descending order. */ case 'valueDesc': params = params.sort((a, b) => parseFloat(b.value) - parseFloat(a.value)); break; /** Reverse the current order. */ case 'reverse': params.reverse(); break; default: break; } /** Iterate over each series in the tooltip parameters */ for (var i = 0; i < params.length; i++) { /** Retrieve the name and value of the current series */ var seriesName = params[i].seriesName; var value = params[i].value; /** Replace every specific apostrphe by simple one. */ seriesName = seriesName.replaceAll("’", "'"); /** Convert the numeric value to its string representation. */ var strValue = String(value); /** Retrieve the axis used as value */ var axis = option.yAxis.type === 'value' ? option.yAxis : option.xAxis; /** Initialize the number of decimal places */ var decimals = option.tooltip.decimals; /** Check if decimals configuration is set to default and the value contains decimal places */ if (!decimals && strValue.indexOf('.') > -1) { /** Calculate the number of decimal places */ decimals = strValue.substring(strValue.indexOf('.'), strValue.length - 1).length; } else { /** If there are no decimal places, format the value with 1 decimal place */ decimals = decimals ? decimals : 1; /** Convert the value to a fixed-point notation string with a specified number of decimal places. */ value = Number(value).toFixed(decimals); } /** Convert -0 value to 0 with the specified or calculated number of decimal places.*/ if (Number(value) == -0) { value = (Number(value) + 0).toFixed(decimals); } /** Extract the unit from within the axis label */ var unit = axis.axisLabel.unit ? axis.axisLabel.unit : ''; /** Format the value using the appropriate number of decimal places */ value = isNaN(value) ? 'N/A' : Number(value).toLocaleString(option.lang ? option.lang : 'en', { minimumFractionDigits: decimals }) + unit; /** Retrieve the color of the current series */ const color = params[i].color; /** * Add the series name and value to the tooltip content * Use a circle icon with the series color */ tooltipContent += '

' + '' + '' + '' + seriesName + '' + '' + '' + value + '' + '

'; } /** Close the tooltip content container */ tooltipContent += '

'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

Subscribe to receive the latest Eurostat Euro indicators releases

Subscribe
Production in construction up by 1.7% in the euro area and by 1.4% in the EU (2024)

FAQs

Production in construction up by 1.7% in the euro area and by 1.4% in the EU? ›

Overview. In June 2024, compared with May 2024, seasonally adjusted production in construction increased by 1.7% in the euro area

euro area
The euro area, commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. Euro area. Austria.
https://en.wikipedia.org › wiki › Eurozone
and by 1.4% in the EU, according to first estimates from Eurostat, the statistical office of the European Union.

What is the construction output of the euro area? ›

In the euro area, building construction was up 1.8 percent compared to the previous month and by 1.5 percent year on year, while civil engineering output in the region increased by 1.1 percent month on month and by 3.5 percent year on year.

What is the industrial production index in the euro area? ›

Eurozone Industrial Production Index is at a current level of 106.00, up from 103.30 last month and up from 104.90 one year ago.

What is the construction market in Europe in 2024? ›

The construction market is expected to recover over the medium term in Europe. The macroeconomic factors, including elevated inflation and interest rates, have dampened the market growth in 2024.

What is the flash estimate for inflation in the euro area? ›

Eurozone Inflation Rate Confirmed at 2.6%

The annual inflation rate in the Euro Area rose to 2.6% in July of 2024 from 2.5% in the previous month, in line with the preliminary estimate, and above the initial market expectations that it would slow to 2.4%.

What is the productivity of the Euro Area? ›

Productivity in Euro Area is expected to be 105.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Productivity is projected to trend around 106.00 points in 2025, according to our econometric models.

What is the outlook for the construction industry in Europe? ›

Overall construction activity

The construction sector in Europe, which has proved more resilient than other sectors in previous economic downturns, is expected to contract by 2.3% in 2024. Total investment in construction started to slow down in 2022, contracting by 0.3% last year.

What country has the most construction going on? ›

With over 1,175 infrastructure projects in development or execution valued at over $25 million as of May 2022, China leads the pack in construction activity worldwide.

What is the construction market outlook for 2024? ›

Contractors remain mostly upbeat about the construction industry's prospects for 2024. They expect demand to grow for most market segments. Most firms plan to add new staff and to make new or continued investments in information technology.

Which is the third largest construction market globally by 2025? ›

According to the International Tropical Timber Organization (ITTO), India is seeing a construction boom, and India's Union Minister for Housing and Urban Affairs Hardeep Singh Puri has suggested that in 2025 the country is set to become the third-largest construction market globally, after China and the US.

How is euro area inflation calculated? ›

Inflation is a measure of how prices change over time. To calculate it, national statistical institutes regularly collect prices for a “basket” of goods and services, representing the consumption of all private people in the country. These national values are then compiled into an inflation rate for the euro area.

What is the euro area inflation forecast? ›

Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2024, as economic forecasts predict that the HICP inflation rate will be between 2.4 percent and 3.3 percent over the year.

What is the projected inflation for euro area? ›

Our central forecast sees CPI inflation at 2.2 per cent in 2024, 1.4 percentage points below the November 2023 profile.

What is the EU manufacturing output? ›

European Union manufacturing output for 2022 was $2,509.63B, a 2.89% decline from 2021. European Union manufacturing output for 2021 was $2,584.39B, a 14.47% increase from 2020.

What is the construction output in France in 2024? ›

Construction output in France decreased 1.80 percent in June of 2024 over the same month in the previous year. Construction Output in France averaged 0.15 percent from 1991 until 2024, reaching an all time high of 169.00 percent in April of 2021 and a record low of -63.40 percent in April of 2020. source: INSEE, France.

What is the economic output of the eurozone? ›

The total value of all goods and services produced (gross domestic product or GDP) in the EU in 2021 was € 14.5 trillion.

What is the building renovation rate in the EU? ›

Rate of renovation

The current rate of energy-renovation in the EU is 1% annually, and the rate of deep renovation stands at 0.2% overall, far below what is necessary.

References

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Madonna Wisozk

Last Updated:

Views: 5735

Rating: 4.8 / 5 (48 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Madonna Wisozk

Birthday: 2001-02-23

Address: 656 Gerhold Summit, Sidneyberg, FL 78179-2512

Phone: +6742282696652

Job: Customer Banking Liaison

Hobby: Flower arranging, Yo-yoing, Tai chi, Rowing, Macrame, Urban exploration, Knife making

Introduction: My name is Madonna Wisozk, I am a attractive, healthy, thoughtful, faithful, open, vivacious, zany person who loves writing and wants to share my knowledge and understanding with you.