Construction fell 15.7% y.o.y. in June
According to European statistical body Eurostat, building construction increased by 6.1% in June compared to May, but fell year on year by 15.7% in Hungary.
In June, a month marked by some relaxation of COVID-19 containment measures in many EU member states, seasonally adjusted production in the construction sector rose by 4% in the euro area and by 2.9% in the EU as a whole, when compared with May.
Between May and June the highest increases were recorded in France (+12%), Hungary (+6.1%) and Bulgaria (+4.7%), while the largest decreases were observed in Slovenia (-7.1%), Sweden (-6.6%) and Slovakia (-4.9%).
Compared to June 2019, the largest decreases in production in construction were observed in Slovakia (-17.8%), Hungary (-15.7%) and Slovenia (-15.3%), while the largest increases were noted in Romania (+6.9%), Germany (+1.4%), Finland (+1.2%) and the Netherlands (+0.8%).
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.