Construction in Spain fell 43.2% in JanuaryCompared with 4.5% coming down on average in the euro area

The January decline is almost double that recorded in December (-22.8%).

It is the largest decline in the last twelve months.

Production in the construction sector in the euro countries fell 4.5% in January over the same month last year, a decline that was led by Spain, down 43.2%. These are data from the EU statistical office, Eurostat, which indicate that the decline of this sector in the first month of the year (-43.2%) almost double that recorded in December (-22.8%) and is the largest the last twelve months.

After Spain, the largest inter-building collapses were recorded in Slovenia (17.1%) and Bulgaria (12.4%), while the most significant increases occurred in Germany (55.4%), Poland (11, 1%) and Sweden (10.0%), among the thirteen states for which data are available. In the whole EU, the decline in the construction of January in the previous year was 1.2%

Compared with last December, production increased by 1.8% in the partners of the euro and 1.0% in member countries. Eurostat does not publish this month the monthly data for Spain.

The sector contracted, with and without euro

The statistical office building recalls that in the countries of the euro shrank by 2.0% in December the partners in the euro and 3.5% across the EU. In annual terms, that month the decrease was 14.0% and 9.5% respectively.

By sector, the biggest drop was recorded in the year of civil works, which fell by 12.5% in the euro area and 9.8% in the EU, although in per month increased by 8.0% and 4.7%, respectively.

Building construction registered a decrease of 3.1% in the partners of the single currency and an increase of 0.2% in the twenty-seven, while comparing with the previous month, showed increases of 1.1% and 2.6%, respectively.

In January from the previous month, the countries with the sharpest declines were the United Kingdom (9.4%), Romania (6.4%) and Poland (3.1%), while the other end, Germany ( 36.3%), France (7.9%) and Slovenia (3.8%).