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EU CONSTRUCTION MIXED, POLYMER BLEAK

March 28, 2024
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EU construction mixed but polymer bleak. Eurostat‘s recent findings reveal diverse trends in Europe’s construction sector for January 2024.

The euro area experienced a slight increase in construction production by 0.5% from December 2023, while the EU faced a 1.0% decrease.

This fluctuation follows December 2023’s growth, where construction production in the euro area and the EU increased by 0.5% and 1.3%, respectively.

On a yearly basis, construction output in the euro area rose by 0.8%, and the EU observed a minor 0.1% uptick compared to January 2023. These figures indicate a cautiously optimistic trend in certain European areas, amidst wider economic challenges.

From the polymer industry’s standpoint, the outlook within this construction sector is notably grimmer.

Industry participants point out that demand for specific products, such as polypropylene (PP), polymethyle methacrylate (PMMA), and polycarbonate (PC), is among the weakest segments.

This situation underlines the difficulties faced by the polymer sector, reflecting broader issues within the construction industry across Europe.