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EUROPE EU construction up by 21.2 pct in May

Construction
EU construction output rebounded in May, up by 21.2 pct on the previous month, following a record fall in April, when output plummeted by 14.9 pct, according to data and analytics specialists GlobalData.

The sharp rebound in construction output in May reflects the easing of lockdown measures across most member states, and is in line with GlobalData’s expectations of a recovery following the lockdown in March and April, which had adversely affected construction output.
Moustafa Ali, an economist at GlobalData

Despite the improvements in May, construction output is still markedly down compared to pre-Covid-19 levels – down by 10.3 pct y-o-y.

The rebound in output reflects improvements in both civil engineering, which rose by 22.4 pct in May on a month-on-month basis, and in building construction, up 20.4 pct. The highest increases in output were recorded in Italy, where output increased by 168 pct, and in France, up by 118.3 pct.
Moustafa Ali

GlobalData is forecasting that construction output will contract by 8.1 pct in Western Europe in 2020, with the steep contraction in Q2 2020 being partially offset by improvements during the second half of the year. However, a second outbreak with reimposed lockdown measures poses a serious risk to this recovery.

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schedule 21 September 2020
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schedule 21 September 2020
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Warehouse & industrial

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schedule 17 September 2020
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schedule 17 September 2020
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schedule 17 September 2020
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schedule 16 September 2020
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schedule 16 September 2020
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Office & mixed-use development

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schedule 15 September 2020
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EU construction up by 21.2 pct in May

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