Inflation was 1.5% for Cyprus in May, up from 1.2% in April . The annual inflation rate in the euro area was 2.0% in May 2021, from 1.6% in April, while a year earlier, the rate was 0.1%. At the same time, the annual inflation of the European Union was 2.3% in May 2021, from 2.0% in April. A year earlier, the figure was 0.6%, according to data released today by Eurostat, the European Union's statistical office.
According to Eurostat, inflation was 1.5% for Cyprus in May, up from 1.2% in April, up from -1.4% a year earlier.
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The lowest annual rates were recorded in Greece (-1.2%), Malta (0.2%) and Portugal (0.5%). The highest annual rates were recorded in Hungary (5.3%), Poland (4.6%) and Luxembourg (4.0%).
Compared to April, annual inflation fell in four Member States, remained stable at one and rose to twenty-two.
In May, the highest contribution to the annual inflation rate in the euro area came from energy (+1.19 percentage points), followed by services (+0.45), non-energy industrial goods (+0.19) and food, alcohol and tobacco (+0.15)
Meanwhile, in April 2021 compared to March 2021, seasonally adjusted manufacturing output fell by 2.2% in the euro area and by 1.6% in the EU, according to preliminary Eurostat estimates. Statistical Office of the European Union.
In March 2021, production in the construction sector increased by 4.1% in the euro area and by 3.5% in the EU. In April 2021, compared to April 2020, production in construction increased by 42, 3% in the euro area and 32.7% in the EU.
In the euro area in April 2021, compared to March 2021, public works decreased by 6.1% and building construction by 1.0%. In the EU, public works fell by 5.4% and building construction by 0.7%.
Among the Member States for which data are available, the largest reductions in construction output were recorded in Hungary (-7.3%), Germany (-4.3%) and Slovenia (-3.4%). %). The highest increases were observed in Romania (+ 7.8%), Poland (+ 4.9%) and Bulgaria (+ 2.3%).
In the euro area in April 2021, compared to April 2020, building construction increased by 43.7% and public works by 30.4%. In the EU, building construction increased by 33.9% and public works by 22.4%.
Among the Member States for which data are available, the highest increases in construction output were observed in France (+ 160.4%), Belgium (+ 45.2%) and Austria (+ 37.3%). The largest decreases were recorded in Hungary (-7.1%), Sweden (-5.5%) and Poland (-4.2%).
Philenews / ΚΥΠΕ
