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Euro Area Construction Output Rises 1.6% in October

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FRANKFURT - OCTOBER 14: Euro sign in front of the European Central Bank building on October 14, 2014 in Frankfurt, Germany. It's the central bank for the euro and administers monetary policy of the Eurozone.

Production in the construction sector in the euro area increased by 1.6% month on month and increased by 1.4% in the entire European Union.

Source: Eurostat

Euro Stoxx 50 down -0.91%, EUR USD down -0.10%

Building construction in the Eurozone rose by 1.8% on a monthly basis, and civil engineering rose by 0.5%.

Among the member states, the largest monthly increase in production in building construction was reported in France, where output expanded by 4.9%.

The largest decrease in construction output was recorded in Slovenia, where construction production fell 9.2% month on month.

On a yearly basis, production in construction rose 4.4% in the Eurozone and increased by 4.2% in the EU.

The largest annual increases in construction output were recorded in Hungary at 14.5%, with the largest decreases recorded in Romania at -15.7%

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