Press Release 25/09/2012

CONSTRUCTION INDEX OF THE BASQUE COUNTRY (ICC) 2ND QUARTER 2012

The construction sector in the Basque Country fell by 23.1% in the second quarter of 2012

The construction sector fell by 7.1% with regards to the previous quarter

Construction in the Basque Country registered a year-on-year nominal downturn of 23.1% in the second quarter of 2012, in homogeneous terms of the working calendar, according to EUSTAT data.

Once corrected for seasonal effects, the Construction sector fell by 7.1% in the second quarter of 2012 compared to the first quarter of the same year.

The drop in the Construction sector, in the first quarter of 2012, was mainly due to both the negative performance of the Building sub-sector, which registered a year-on-year downturn of 21.1%, and the 26.7% fall posted by Civil Works.

In quarter-on-quarter terms, if the activity of the sector in the second quarter of 2012 is compared to the previous quarter, the Building sub-sector performed negatively (6.3%) and Civil Works posted a downturn of 8.5%.

Employment in the Construction sector experienced a decrease of 4.8% compared to the first quarter of 2012.



For further information:

Basque Statistics Office C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Tel: +34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es Contact: Gerardo Pérez Aja Tel: +34-945-01 75 06 Fax:+34-945-01 75 01 Further press releases on Construction Index of the Basque Country (ICC) Database on Construction Index of the Basque Country (ICC).