Bulgaria tops the EU ranking of construction growth for October

Bulgaria registered the highest growth (5.7%) in building industry in the EU for October on an annual basis and was second to the UK in terms of the volume of construction, showed Eurostat data.

The volume of construction in the Eurozone as a whole dropped by 1.6% in October, compared to the previous month, according to Eurostat data. The decline from October 2011 reached 4.1%. According to the revised data of Eurostat, the volume of construction in the Eurozone decreased by 1.3% in September, compared to the previous month. Earlier, it was reported that the drop was 1.4%. On an annual basis, the September decline grew to 3.8%, not 2.6%.

In the 27 Member States of the European Union, the construction sector grew by 1.6% in October, compared to the previous month and dropped by 4.4% on an annual basis.

Among the Member States for which data is available for October, construction activity recorded a monthly decline in nine countries and an increase - in six countries. The highest drop was registered in Slovenia (-21.1%), Germany (-5.3%) and Sweden (-4.7%). The highest growth was recorded in the UK (+11.7%), Bulgaria (+2.2%) and Italy (+1.9%).

Compared to October 2011, the construction sector shrunk in 12 Member States and grew in only three EU countries. The most dramatic decline was registered in Portugal (-19.1%), Slovenia (-15.5%), Slovakia (-12.8%) and Italy (-12.1%). The highest growth was recorded in Bulgaria (+5.7%), Spain (+3.4%) and Hungary (+1.3%).

Source: www.klassa.bg