Press Release 04/06/2014

CONSTRUCTION INDEX OF THE BASQUE COUNTRY (ICC) I/2014

The Construction sector in the Basque Country fell by 9.9% in the first quarter of 2014

Building contracted by 10.4%, whilst Civil Works registered a decrease of 9.1%

Construction activity in the Basque Country registered a year-on-year nominal downturn of 9.9% in the first quarter of 2014, in homogeneous terms of the working calendar, according to data prepared by EUSTAT.

Once corrected for seasonal factors, the Construction sector shrank by 5.9% in this first quarter of 2014 compared to the fourth quarter of 2013.

The fall in the Construction sector, in the first quarter of 2014, was mainly due to both the negative performance of the Building sub-sector, which registered a year-on-year downturn of 10.4%, and the 9.1% fall posted by Civil Works.

In quarter-on-quarter terms, if the activity of the sector in the first quarter of 2014 is compared to the previous quarter, both the Building and Civil Works subsectors posted negative growth of 7.0% and 3.9%, respectively.

Employment in the Construction sector experienced a decrease of 2.4% compared to the fourth quarter of 2013.

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tlf: 945 01 75 62 Further press releases on Construction index of the Basque Country (ICC) Database on Construction index of the Basque Country (ICC)