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CNA - Production in construction in Cyprus down by -2.6% in Q3 2017 in quarterly basis




CNA - Athanasios Athanasiou - Brussels
In November 2017 compared with October 2017, seasonally adjusted production in the construction sector increased by 0.5% in the euro area (EA19) and by 0.6% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In October 2017, production in construction fell by 0.3% in the euro area and by 0.5% in the EU28. In November 2017 compared with November 2016, production in construction increased by 2.7% in both zones.

In Cyprus production in construction decreased by -2.6% in the third quarter of 2017 in quarterly basis, but increased by 12.7% in annual. Cyprus is not required to supply monthly data under Council Regulation 1165/98.

The increase of 0.5% in production in construction in the euro area in November 2017, compared with October 2017, is due to civil engineering rising by 1.1% and building construction by 0.3%. In the EU28, the increase of 0.6% is due to building construction rising by 0.8%, while civil engineering fell by 0.3%. Among Member States for which data are available, the highest increases in production in construction were recorded in Poland (+3.2%), Slovenia (+2.2%) and the Netherlands (+1.8%). Decreases were observed in Hungary (-1.5%) and France (-0.6%).

The increase of 2.7% in production in construction in the euro area in November 2017, compared with November 2016, is due to civil engineering rising by 3.0% and building construction by 2.7%. In the EU28, the increase of 2.7% is due to building construction rising by 3.3% and civil engineering by 1.1%. Among Member States for which data are available, the highest increases in production in construction were recorded in Hungary (+30.7%), Slovenia (+21.2%) and Poland (+16.0%). Decreases were observed in Romania (-4.1%) and France (-0.2%).

CNA/THA/ΜΜ/2018
ENDS, CYPRUS NEWS AGENCY
________________________________________

Cyprus News Agency, 21 Academias Avenue, 2107 Aglantzia, Nicosia
Tel. 22556000, Fax. 22556100, email:news@cna.org.cy, website: www.cna.org.cy



Agency : CNA

Date : 2018-01-18 08:48:48







 

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