EU-27 construction activity falls by 16 % from its pre-crisis high by the second quarter of 2011 - Issue number 61/2011 - Products Statistics in Focus

The impact of the financial and economic crisis on construction in the EU

The EU-27's construction activity accounted for 6.0 % of GDP in 2010 and generated EUR 655 388 million of added value. This publication provides data on short-term business statistics (STS) for construction over the period 2000-2011. It shows that the financial and economic crisis had a deep negative impact in most Member States, with construction activity more than halved in Latvia, Lithuania and Ireland, while Poland and Sweden were the only Member States where construction activity continued to grow during the crisis.