The struggling construction sector in Portugal suffered another fall in November, dropping 1.1% compared to October.
Looking at the annual figures, the news was worse. Data from Eurostat showed that construction work in November 2014 was 5.7% lower than it had been in November 2013.
This was one of the largest decreases in the eurozone, with just Italy’s decline of 8% being greater. At the same time, construction work was up in Spain over the year by 16%.
This is against an average rise of 2.2% for the euro area as a whole. Eurostat reports that this was due to a rise of 2.7% in building construction but a fall of 0.5% in civil engineering works.
|
Quarter 4 2013 |
Quarter 1 2014 |
Quarter 2 2014 |
Quarter 3 2014 |
|
-13.8% |
-13.2% |
-9.9% |
-7.3% |
Comments
Including licensed builders.
Almost all of us foreigners will have met or known about the builders 'trading up'. Particularly those at the lowest end. The odd jobbers. Renting a 'real' builders licence ? Or just bashing your house about regardless if a renovation job.
Certainly a licensed builder must collect the municipal licence for the work - but who checks what from then on ? The municipal planning tecnico should but for a donation will let the cowboy continue.
But by doing so invalidating your buildings insurance. And, in a crisis, the licensed builder ducking out of any responsibility or risking losing his no-claims to the cowboy.
As often asked but never answered .... who let these jokers into the EU ?