The confidence of construction businesses is increasing more rapidly in Croatia than in the EU

In February the confidence of construction businesses in Croatia increased significantly compared to the same month last year, up from 7.6 to 18.6.

In the same time, EU countries construction businesses confidence have increased somewhat, up from 2.3 to 4.3 on average.

Croatia now has the sixth highest confidence of construction businesses in the EU compared to the other 28 countries. Malta has the highest confidence of construction businesses (37.6 points), while Greece ranks last (-61.3 points).

Confidence of construction businesses in EU countries

The whole country2019 (February)2018 (February)Change
Austria13.58.8+4.7
Belgium-1-5.3+4.3
Bulgaria-6.9-4.8-2.1
Croatia18.67.6+11
Cyprus-11-18.8+7.8
Czech Republic0.8-8.4+9.2
Denmark-3-0.3-2.7
Estonia6.46.2+0.2
Finland8.94+4.9
France10.43.4+7
Germany18.915.6+3.3
Greece-61.3-45.1-16.2
Hungary29.722.9+6.8
Ireland36.132.8+3.3
Italy-9.5-12.1+2.6
Latvia-2.1-1.2-0.9
Lithuania-8.7-11.5+2.8
Luxembourg1220.9-8.9
Malta37.628.8+8.8
Netherlands28.530-1.5
Poland-7.1-6-1.1
Portugal-5.4-15.4+10
Romania-6.5-14.9+8.4
Slovakia-11-1.7-9.3
Slovenia17.724.5-6.8
Spain-7.2-4.7-2.5
Sweden16.127.4-11.3
United Kingdom-3.1-4.7+1.6

About the construction indicator

This indicator is based on businesses surveyed on trend of activity, order books, employment expectations, price expectations and factors limiting building activity.

For all surveys the difference between positive and negative answers (in percentage points of total answers) are averaged to calculate an indicator.

The economic sentiment indicator (ESI) is calculated as an index with mean value of 100 and standard deviation of 10 over a fixed standardised sample period.

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