The volume of construction work in the countries of the European Union decreased by 0.4% in February 2025 compared to the previous month, according to Eurostat data. This decline occurred amid fluctuations in individual member states, with the largest drops recorded in Slovenia (-4.0%), Germany (-3.2%), and Poland (-2.3%). However, some countries experienced growth: Portugal +2.9%, France +1.5%, and Sweden +1.3%.
This is reported by Business • Media
According to data released by Eurostat, the construction of engineering structures saw a decrease of 0.5% in February compared to January, and a decline of 1.9% year-on-year. At the same time, the cost of constructing residential and non-residential buildings decreased by 1.8% month-on-month and by 3.6% compared to the same period last year. Official data for January 2025 shows that production in the construction sector increased by 0.2% compared to December 2024, and by 0.5% compared to January 2024. Specifically, the construction of engineering structures in January decreased by 2.9% month-on-month but increased by 0.9% year-on-year. Meanwhile, the construction of residential and non-residential buildings in January rose by 0.6% month-on-month and by 0.5% year-on-year.
Future Trends and Market Impact
According to analytical data, the production volume in the EU construction sector decreased by 1.3% in 2024 compared to 2023. The sustained decline and instability in the sector negatively affect the domestic market and demand for metal products. Since the end of 2020, the construction industry in the European Union has been undergoing a prolonged recovery process due to active government support. However, since the beginning of 2023, the sector has faced difficulties due to macroeconomic challenges and market uncertainty.
According to Eurofer, a positive growth trend of 2% in the construction sector is expected in 2025 year-on-year, while in 2024 the figure decreased by 0.4%. This indicates a potential recovery of the industry in the near future.