According to data released by Eurostat today, construction activity, when seasonally adjusted, fell by 0.8% in the euro area (EA15) and by 0.4% in the EU27 in April 2008, compared with March. In March, production decreased by 2.8% and 2.7% respectively. Compared with April 2007, output in April 2008 dropped by 2.4% in the euro area and by 0.3% in the EU27.
Among the Member States for which data are available for April 2008, construction output rose in ten and fell in three. The situation in Eurozone countries like Spain and Ireland contrasts sharply with the large increases in activity being recorded in some of the East European emerging economies, with Romania (+30.0%), Slovenia (+23.3%), Poland (+22.8%) and Bulgaria (+21.0%) leading the field. Spain had the highest annual decrease for any reporting country (-21.8%).
Spain Real Time Data Charts
Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Spain related comment. He also maintains a collection of constantly updated Spain charts with short updates on a Storify dedicated page Spain's Economic Recovery - Glass Half Full or Glass Half Empty?