Portugal news - Portugal’s construction sector ranks 1st fastest growing in the EU, according to figures from Eurostat for June 2024 compared to the previous month.
Among EU countries, the highest monthly increases in production in construction were recorded in Portugal with +3.2%, followed by Romania with +2.6% and by France with +1.7%. The largest monthly decreases were observed in Slovenia with -9.1%, in Hungary with -6.4% and in Poland with -2.1%).
The Portuguese construction sector is growing at a faster pace than in most other EU countries with a 3.2% growth in June compared to the previous month, while compared with the same month of the previous year the increase was 2.7%. This compares to the EU average with a growth of 1.4% in June compared to the previous month, while compared with the same month of the previous year there was a decrease of -0.1%.
There is a slowdown the construction sector in the EU with negative figures registered for 14 countries on an annual basis, with the biggest slowdown being in Slovenia with the percentage change in June 2024 compared to the previous year being -19%.
On an annual basis, the highest growth in the construction sector in Europe in June 2024 compared with the same month of the previous year was in Spain with 4.8%, followed by Bulgaria with 2.9% and by Portugal with 2.7%. The largest annual decreases in production in construction were recorded in Slovenia with -19.0%, Czechia with -10.2% and Sweden with -9.0%.