Eurozone Construction Output Contracts In August

Eurozone construction output declined for the first time in five months in August, figures from Eurostat showed Wednesday.

Construction output fell 0.2 percent month-over-month in August, after remaining flat in July, which was revised down from a 0.2 percent rise reported initially.

Building activity dropped 0.2 percent over the month and civil engineering activity edged down by 0.1 percent.

On a yearly basis, growth in construction production eased to 1.6 percent in August from 2.8 percent in the preceding month, revised down from 3.4 percent.

Among member countries, the largest monthly declines were seen in Sweden, Slovenia and Germany, while the highest increases were noted in Hungary, Italy and Bulgaria.
Source: RTT News

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