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Friday, May 17, 2019

Eurozone Construction Output Falls In March

Eurozone construction output fell in March, after rising in the previous month, amid a decline in building activity and slower growth in civil engineering, data from the statistical office Eurostat showed on Friday. Construction output declined a calendar and seasonally adjusted 0.3 percent month-on-month in March, after a 3.0 percent rise in February. Output fell 1.0 percent in January. 

Building construction declined 0.6 percent, while the growth in civil engineering eased to 0.4 percent. On a yearly basis, construction production rose a calendar adjusted 6.3 percent year-on-year in March, following a 7.6 percent increase in the previous month. In the EU28, construction output fell 0.7 percent in March after 2.6 percent rise in the prior month. On a year-on-year basis, output rose 5.8 percent in March following a 6.6 percent increase in February.

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