Production in construction down by 0.9% in the euro area and by 1.0% in the EU (2024)

Euro indicators 18 July 2024 Next release: 20 August 2024

May 2024 compared with April 2024

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Down by 2.4% in the euro area and by 2.5% in the EU compared with May 2023

Overview

In May 2024, compared with April 2024, seasonally adjusted production in construction decreased by 0.9% in the euro area and by 1.0% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2024, production in construction fell by 0.4% in the euro area and remained stable in the EU.

In May 2024, compared with May 2023, production in construction decreased by 2.4% the euro area and by 2.5% in the EU.

Monthly comparison by construction sector and by Member State

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

decreased by 1.0% for construction of buildings,
decreased by 0.6% for civil engineering,
decreased by 1.1% for specialised construction activities.

In the EU, production in construction

decreased by 0.9% for construction of buildings,
decreased by 1.5% for civil engineering,
decreased by 1.0% for specialised construction activities.

Among Member States for which data are available, the largest monthly decreases in production in construction were recorded in Czechia (-5.1%), Romania (-4.1%) and Hungary (-3.8%). The highest increases were observed in Finland (+1.9%), Bulgaria (+1.1%) and Belgium and Spain (both +0.3%).

Annual comparison by construction sector and by Member State

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

decreased by 4.8% for construction of buildings,
increased by 0.4% for civil engineering,
decreased by 1.8% for specialised construction activities.

In the EU, production in construction

decreased by 4.8% for construction of buildings,
decreased by 0.8% for civil engineering,
decreased by 1.9% for specialised construction activities.

Among Member States for which data are available, the largest annual decreases in production in construction were recorded in Sweden (-7.5%), Slovenia (-7.4%) and Germany (-7.0%). Increases were observed in Hungary (+7.3%), Bulgaria (+4.4%) and Denmark (+1.1%).

Tables

Production in construction % change compared with the previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area
Total construction	0.4	0.8	0.0	-0.6	-0.4	-0.9
Construction of buildings	1.0	-1.9	2.3	-1.3	-0.5	-1.0
Civil engineering	-0.6	1.3	2.9	0.3	-1.8	-0.6
Specialised construction activities	0.4	0.9	-0.3	-0.5	0.2	-1.1
EU
Total construction	1.2	-0.9	0.3	-0.7	0.0	-1.0
Construction of buildings	1.7	-2.6	2.3	-2.5	0.6	-0.9
Civil engineering	0.2	-0.6	2.7	-0.7	-0.4	-1.5
Specialised construction activities	0.4	0.8	-0.4	-0.4	0.0	-1.0
* Calendar and seasonally adjusted Source dataset: sts_copr_m

Production in construction % change compared with the previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	0.4	0.8	0.0	-0.6	-0.4	-0.9
EU	1.2	-0.9	0.3	-0.7	0.0	-1.0
Belgium	3.1	-3.4	2.3	1.1	-3.9	0.3
Bulgaria	0.3	1.1	2.6	-0.3	-0.3	1.1
Czechia	1.2	0.2	4.3	-6.8	3.5	-5.1
Denmark	0.2	-2.5	1.6	2.5	-1.1	0.1
Germany	-3.1	2.9	3.3	-1.0	-1.2	-3.3
Estonia**	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece**	:	:	:	:	:	:
Spain	-0.4	1.3	-2.4	0.7	-0.7	0.3
France	1.6	0.2	-2.4	0.8	-1.0	-1.0
Croatia**	2.9	1.8	1.9	-0.2	0.2	:
Italy	1.1	2.8	-3.0	c	c	c
Cyprus**	:	:	:	:	:	:
Latvia**	:	:	:	:	:	:
Lithuania**	:	:	:	:	:	:
Luxembourg**	7.4	-16.8	10.1	-1.1	-0.2	:
Hungary	5.2	10.5	-9.4	-2.7	11.0	-3.8
Malta**	:	:	:	:	:	:
Netherlands	2.8	-2.7	2.8	-0.3	-0.4	-0.6
Austria	5.2	-2.7	1.1	-1.9	2.1	-1.9
Poland	14.4	-16.2	0.9	-3.7	2.3	0.1
Portugal	0.7	1.2	-1.1	-1.9	3.2	-3.3
Romania	10.2	-36.4	18.5	9.3	5.8	-4.1
Slovenia	2.7	-3.5	7.6	-6.7	-2.4	-0.1
Slovakia	-7.5	-0.5	5.3	-6.9	7.8	-2.8
Finland	-0.4	-1.1	0.8	0.2	0.4	1.9
Sweden	-0.7	1.2	-1.2	-2.6	1.3	-2.1
Norway	-0.9	0.7	0.1	-0.7	0.3	-0.2
* 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 % change compared with the same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area
Total construction	2.4	1.0	-1.5	-0.3	-1.5	-2.4
Construction of buildings	1.9	-2.2	-2.4	-2.5	-3.6	-4.8
Civil engineering	6.3	2.6	4.3	5.6	2.0	0.4
Specialised construction activities	2.0	1.1	-1.0	-1.0	-0.9	-1.8
EU
Total construction	3.3	0.1	-1.7	-1.0	-1.4	-2.5
Construction of buildings	2.1	-3.0	-2.7	-4.4	-3.6	-4.8
Civil engineering	5.8	1.5	3.8	3.2	2.4	-0.8
Specialised construction activities	1.6	0.7	-1.2	-1.1	-1.1	-1.9
* Calendar adjusted Source dataset: sts_copr_m

Production in construction % change compared with the same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	2.4	1.0	-1.5	-0.3	-1.5	-2.4
EU	3.3	0.1	-1.7	-1.0	-1.4	-2.5
Belgium	10.3	-0.3	0.0	8.1	-9.5	-2.2
Bulgaria	0.0	0.0	4.2	3.4	3.1	4.4
Czechia	-3.2	-6.5	2.9	-8.4	-0.2	-6.8
Denmark	0.6	-1.6	-0.5	3.1	1.1	1.1
Germany	-0.1	-6.5	-1.6	-0.4	-3.9	-7.0
Estonia**	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece**	:	:	:	:	:	:
Spain	3.9	14.1	-3.3	1.4	-1.6	-1.8
France	-0.1	-0.4	-4.5	-2.3	-4.3	-5.6
Croatia**	10.3	14.2	15.0	14.5	15.0	:
Italy	12.4	13.3	7.4	c	c	c
Cyprus**	:	:	:	:	:	:
Latvia**	:	:	:	:	:	:
Lithuania**	:	:	:	:	:	:
Luxembourg**	5.1	-6.3	-7.8	-4.7	-5.9	:
Hungary	-4.3	17.5	2.4	-6.4	15.6	7.3
Malta**	:	:	:	:	:	:
Netherlands	-2.4	-7.1	-3.8	-3.2	-0.3	-5.2
Austria	4.0	-5.1	-11.9	-4.4	-1.1	-0.8
Poland	18.9	-8.2	-5.5	-9.7	-6.0	-4.5
Portugal	5.5	4.1	3.7	0.5	5.9	0.0
Romania	30.8	-17.9	-4.0	-0.6	12.3	-1.6
Slovenia	9.0	-4.2	5.6	-7.7	-4.9	-7.4
Slovakia	-8.3	-13.3	-1.1	-5.7	4.9	-4.5
Finland	-11.4	-14.1	-10.4	-8.2	-5.2	-0.6
Sweden	-7.6	-7.1	-5.9	-8.2	-4.4	-7.5
Norway	-2.8	-1.2	-0.9	-1.8	-0.9	-1.7
* 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

Monthly indices for production in construction, calendar and seasonally adjusted (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	103.5	104.3	104.3	103.7	103.3	102.4
EU	104.6	103.7	104.0	103.3	103.3	102.3
Belgium	104.1	100.6	102.9	104.0	99.9	100.2
Bulgaria	99.4	100.5	103.1	102.8	102.5	103.6
Czechia	99.0	99.2	103.5	96.5	99.9	94.8
Denmark	105.8	103.2	104.8	107.4	106.2	106.3
Germany	90.5	93.1	96.2	95.2	94.1	91.0
Estonia*	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece*	:	:	:	:	:	:
Spain	97.1	98.4	96.0	96.7	96.0	96.3
France	100.8	101.0	98.6	99.4	98.4	97.4
Croatia*	117.7	119.8	122.1	121.9	122.2	:
Italy	137.6	141.4	137.1	c	c	c
Cyprus*	:	:	:	:	:	:
Latvia*	:	:	:	:	:	:
Lithuania*	:	:	:	:	:	:
Luxembourg*	103.4	86.0	94.7	93.7	93.5	:
Hungary	98.9	109.3	99.0	96.3	106.9	102.8
Malta*	:	:	:	:	:	:
Netherlands	103.1	100.3	103.1	102.8	102.4	101.8
Austria	101.6	98.9	100.0	98.1	100.2	98.3
Poland	127.7	107.0	108.0	104.0	106.4	106.5
Portugal	110.3	111.6	110.4	108.3	111.8	108.1
Romania	153.1	97.4	115.4	126.1	133.4	127.9
Slovenia	146.6	141.4	152.2	142.0	138.6	138.5
Slovakia	77.9	77.5	81.6	76.0	81.9	79.6
Finland	90.0	89.0	89.7	89.9	90.3	92.0
Sweden	91.5	92.6	91.5	89.1	90.3	88.4
Norway	101.3	102.0	102.1	101.4	101.7	101.5
* 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

Monthly indices for production in construction, calendar adjusted (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	102.4	89.9	98.8	109.5	102.3	105.7
EU	108.4	86.8	95.7	107.0	101.3	104.9
Belgium	90.1	90.5	107.4	120.5	99.5	101.3
Bulgaria	90.0	97.6	99.0	107.6	100.9	101.1
Czechia	100.3	54.8	67.3	81.7	94.1	98.1
Denmark	99.6	98.4	100.9	112.2	101.5	107.1
Germany	99.6	63.0	81.0	97.2	93.1	91.4
Estonia*	:	:	:	:	:	:
Ireland	c	c	c	c	c	c
Greece*	:	:	:	:	:	:
Spain	123.6	103.0	88.9	101.3	91.1	96.6
France	87.5	98.2	101.5	105.5	100.2	102.0
Croatia*	107.0	114.8	123.5	133.9	126.2	:
Italy	124.9	128.6	136.0	c	c	c
Cyprus*	:	:	:	:	:	:
Latvia*	:	:	:	:	:	:
Lithuania*	:	:	:	:	:	:
Luxembourg*	88.6	76.9	96.4	104.4	100.8	:
Hungary	135.2	64.5	69.6	91.3	89.5	97.5
Malta*	:	:	:	:	:	:
Netherlands	81.6	101.2	115.3	120.6	107.4	107.8
Austria	122.2	59.4	74.3	94.1	95.4	96.4
Poland	182.1	62.9	72.0	87.9	93.3	101.6
Portugal	101.4	111.3	108.1	114.2	111.6	111.3
Romania	227.0	49.7	75.3	110.1	117.7	121.1
Slovenia	132.9	99.5	123.9	137.5	126.8	138.6
Slovakia	90.5	49.5	60.3	63.0	72.9	79.2
Finland	102.7	62.5	69.8	79.8	79.9	96.3
Sweden	116.4	71.9	80.3	85.6	89.6	90.4
Norway	96.5	107.8	96.2	102.7	92.8	97.0
* 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

Notes for users

Revisions and timetable

Data of previous months have been revised compared with those issued in News Release of 19 June 2024. The monthly percentage change for April 2024 has been revised from -0.2% to -0.4% in the euro area and from +0.2% to 0.0% in the EU. The annual percentage change has been revised from -1.1% to -1.5% in the euro area and from -0.9% to -1.4% 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

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FAQs

Production in construction down by 0.9% in the euro area and by 1.0% in the EU? ›

Overview. In May 2024, compared with April 2024, seasonally adjusted production in construction decreased by 0.9% in the euro area and by 1.0% in the EU, according to first estimates from Eurostat, the statistical office of the European Union.

Read On ›

What is the construction output of the euro area? ›

Construction Output in Euro Area averaged -0.19 percent from 1996 until 2024, reaching an all time high of 44.20 percent in April of 2021 and a record low of -31.20 percent in April of 2020. source: EUROSTAT.

What is the outlook for the construction sector 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.

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What is the inflation rate in the euro area? ›

Inflation Rate In the Euro Area decreased to 2.50 percent in June from 2.60 percent in May of 2024. Inflation Rate in Euro Area averaged 2.23 percent from 1991 until 2024, reaching an all time high of 10.60 percent in October of 2022 and a record low of -0.60 percent in July of 2009.

Get More Info Here ›

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

Overview. Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union.

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.

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What is the euro area inflation rate per month? ›

Eurozone Inflation Rate is at 2.60%, compared to 2.40% last month and 6.10% last year. This is higher than the long term average of 2.04%.

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What is the inflation target euro area? ›

We are targeting an inflation rate of 2% over the medium term. Our commitment to this target is symmetric: we view inflation that is too low just as negatively as inflation that is too high.

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Where is the highest inflation rate in the euro area? ›

(January 1997-January 2024)

Between 1997 and the end of 2021, the EU's highest annual inflation rate of 4.4%was recorded in July 2008. Since that peak, the annual inflation rate in both the EU and eurozone area fell every month, with the exception of one month for each section.

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What is the euro 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.

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What is the economic forecast for the euro area? ›

In the euro area, it is forecast to fall from 5.4% in 2023 to 2.5% in 2024 and 2.1% in 2025. This is a downward revision compared to winter for both the EU and the euro area – especially for this year. Economic activity broadly stagnated in 2023. Private consumption only grew by 0.4%.

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What is the construction Output? ›

Construction output refers to construction work performed by enterprises whose principal activity is classified as construction. Construction work is work on construction, reconstruction, extension, modernisation, repair and maintenance of permanent or temporary buildings and civil engineering works.

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What is the construction index of the European Union? ›

European Union Construction Confidence Indicator is at a current level of -8.50, down from -8.20 last month and down from -5.10 one year ago. This is a change of N/A from last month.

What is the construction Output in France? ›

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.