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EU PRODUCTION IN CONSTRUCTION DECLINES IN FEBRUARY 2024

April 29, 2024
plant building

EU production in construction declines. Eurostat‘s recent figures reveal a downturn in construction output when comparing February 2024 with the same month in the previous year.

The euro area experienced a decline of 0.4% and the European Union saw a slightly larger decrease of 0.6%.

Despite a rise in monthly production in February 2024, the year-over-year comparison underscores ongoing challenges within the construction sector.

Many polymer markets have been suffering from the weak construction sector, such as polypropylene (PP), polystyrene (PS), and polycarbonate (PC).

The low demand in some of the key market segments such as construciton continue to lead to low margins for polymer suppliers.

Attempts to increase prices during this time of the year appear to have run out of steam, particularly for the PP.