According to the National Institute of Statistics (INE), construction output, eliminating seasonal and calendar effects, fell in Spain in July by 0.3% compared to June. In June, this variable had decreased by 0.7%. Of the three divisions analysed, only building construction showed a negative monthly rate (-1.4%). Meanwhile, specialised construction activities recorded the largest increase in July (+2.0%).
On a year-on-year basis, construction output, in seasonally and calendar-adjusted data, fell in Spain in July by 13.0%, after a 14.7% decrease in June. Meanwhile, according to the original series, without adjustments, construction output fell in July by 9.8% year-on-year, also less than the 12.3% decline recorded in June.
On a year-on-year basis, and in seasonally and calendar-adjusted data, building construction output fell by 40.9% in July; civil engineering by 4.6%; and specialised construction activities by 1.8%.
