Bloomberg News

Euro-Region Construction Output Rose in August, Led by France

October 19, 2011

Oct. 19 (Bloomberg) -- European construction output increased in August, as gains in countries such as France and Portugal helped offset a German decline.

Construction in the 17-nation euro region grew 0.2 percent from July, when it advanced a revised 1.8 percent, the European Union’s statistics office in Luxembourg said today. From a year earlier, output increased 2.5 percent.

In Germany, Europe’s largest economy, construction output dropped 1.2 percent from July, when it rose 4 percent, today’s report showed. French and Portuguese output increased 3.2 percent and 7.6 percent, respectively. The statistics office didn’t report figures for Ireland, Greece, Spain or Austria.

In the 27-country EU, output stagnated after rising 0.9 percent in the previous month. Slovenia, Romania and Slovakia reported the biggest declines in monthly construction output. The statistics office had previously reported a July monthly gain of 1.4 percent in the euro region.

--With assistance from Kristian Siedenburg in Vienna. Editors: Patrick G. Henry, Jones Hayden

To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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