Construction down across Europe

Construction in the Eurozone sank by 2.7 per cent in April compared to March and plummeted 6.6 per cent in the wider European Union area. The falls reversed climbs of 11.4 per cent and 10.8 per cent respectively the previous month. Despite the notable increases in March, figures from Eurostat – the official statistics office in Brussels – have now shown declines in the Eurozone-wide construction industry in four of the last five months. Compared to the same time in 2011, construction in May was five per cent down in the Eurozone and 5.1 per cent lower across the whole of the EU.