By 
Eurozone construction output broke away from five straight months of growth to slide in August.
Source: Eurostat
Euro Stoxx 50 up +0.29%, EUR USD up +0.41%
Eurostat stated that construction industry production dropped by 1.6% year-on-year in the Eurozone and by 1.0% in the EU in August after posting growth of 3.5% in July.
After declining in February, Eurozone construction output expanded on an annual basis for five consecutive months.
Eurozone construction output dropped by 1.3% month-on-month, after a slight 0.1% growth in July.
In August, civil engineering and building reported the highest decreases of 1.9% and 1.3% in the Eurozone. In the EU, building construction dropped by 2.1% and civil engineering by 1.4%.
Annually, the largest decreases reported in production in construction were recorded in Spain (-13.9%), Romania (-7.0%), and Slovenia (-6.8%). The largest increases were reported in Hungary (+10.2%), Poland (+7.9%), and Finland (+4.7%).
Comments