Eurozone construction output edges lower
By Benjamin Chiou
Date: Wednesday 20 Nov 2024
(Sharecast News) - Construction output in the eurozone slipped slightly in September after stagnating the previous month, according to figures released on Wednesday by Eurostat.
Output was down 0.1% over the month, after a flat reading in August and a 0.5% decline in July.
Building construction slumped 0.8% after growing by 1.2% the month before, and specialised construction activities were down 0.4% after rising 0.2% previous, while civil engineering output improved by 1.4%, bouncing back after a 1.7% drop.
For member states where data was available, the highest monthly increases were registered in Spain and Slovenia, where output grew by 1.7% each, while the biggest declines were seen in the Czech Republic (-5.5%) and Slovakia (-4.0%).
Compared with last September, total eurozone construction output was down 1.6%, though not quite as bad as the 2.5% and 2.3% annual declines seen over August and July, respectively.
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