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Uncategorized
Sep 19, 2012 - 15:15

Output continues to fall in construction sector

The MyHome Newsdesk
By The MyHome Newsdesk
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Output continues to fall in construction sector

The volume of output in the building and construction industry fell by 3.2% in the second quarter of this year compared to the first quarter.

The Central Statistics Office said that on an annual basis, the volume of output in construction decreased by 8.2% in the second quarter of 2012.

The CSO said the quarterly fall reflects decreases of 7.2% and 6.9% in the volume of residential and non-residential building.

The volume of output in civil engineering increased by 6.7%.

In the year to June, the CSO said that output in the construction sector fell by 6.2% and 5.9% respectively in the 27 member European Union and the 17 member euro zone. The largest increases were seen in Estonia, with building output jumping 30% there, Latvia (23.5%) and Romania (9.7%).

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The biggest falls in construction work were seen in Greece, with output there down 28.6%, Portugal (17.6%) and Slovenia (15.7%)

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  • Tags
  • building
  • Central Statistics Office
  • civil engineering
  • construction
  • CSO
  • Estonia
  • European Union
  • Greece
  • Latvia
  • non-residential
  • Portugal
  • residential
  • Romania
  • Slovenia
The MyHome Newsdesk
By The MyHome Newsdesk
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